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Updated almost 18 years ago on . Most recent reply

Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
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Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
Connect
Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
599
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1,352
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General Real Estate Investing

About carrying the second

Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Posted

let's say I offered to carry a 20% note to move a property quickly, and found a buyer. I would assume their lender would be in first lienholder position. If the buyer defaulted on the loan (s), wouldnt I be last in line to get my money and stand the possibility of not getting it all?

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