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September 21, 2014

Homework Help: inb

Posted by BOBBY on Thursday, September 13, 2007 at 9:05pm.

1.How and why would a seller make a sale to a buyer that has no money the seller can use? In the event that the seller does not need the money, the seller will gain by holding PAPER. In this event I sell you the house, you pay the closing costs and sign for a mortgage. The mortgage is payable to me. NOW I EARN 6% on my mortgage value instead of selling it to the other guy, getting cash and earning 3% on the money in the bank.

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