“Owner Financing was the Best Decision based on the Situation”
Hi Joe.
Thank you so very much for meeting with Mike and I yesterday. You certainly know your stuff and really appreciate your input. Hopefully Mike and I will work on a proposal for the owner. He was the one who offered it so hopefully it will work. Also, know no matter what happens this time around, you will eventually do a mortgage for us.
We will be in touch soon.
Molly
Sure, I could have done the mortgage even though there was a short sale a couple of years ago, but I encouraged them to have the seller carry the mortgage which he was willing to do.
Even though he was only willing to do the mortgage based on a 15 year amortization, the rate would be much better than what I could obtain for them.
I coached them on a couple of counter proposals that hopefully the seller will consider as it would help them out for the next couple of years.
