Re: A cookie Cutter approach to Use

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Posted by Bob Smith on October 24, 2006 at 11:01:36:
In Reply to: A cookie Cutter approach to Use posted by Michasel Morrongiello on October 22, 2006 at 18:18:28:
>Move through the owner financed "paper" by selling the Note and realizing a discounted cash
>pay price (typically in the 92% +/- range or $225K for the $245K Note instrument)
Who takes the interest rate risk (the risk that the required yield changed during the seasoning period), you or the note's seller?
>The KEY is to understand that you must be meticulous in your paperwork and your
>selection of appropriate buyers.
To what standard is the paperwork and buyer selection done. FNMA Lo-Doc?

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Cash Vs Owner Financed "paper" Michael Morrongiello 12:38:23 10/24/06 (0)

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