Updated over 3 years ago on . Most recent reply
Selling a Second Lien Position
I've just become aware of "creative financing" a few months ago as I'm selling some of my SFH in Texas. The offers vary wildly but many of them are a mixture of cash plus second lien equity financing at 0% interest + a 7-10 year balloon. I'm not sure that I want to hold that extra payment for 7-10 years. Is anyone familiar with a note buyer who would buy the second lien position at a discount?