Posted by SJ on August 29, 2011 at 21:15:28 from (50.48.125.22):
Anyone one ever held a partial mortgage on a home sale?I did once on my last sale 14yrs. ago for 4K.Got about 3-4 payments and that was it.Figured sooner or later house would be bought and mortgage held was legally recorded in county and somebody would have too pay me my money to get a clear title.Yeah right keep dreaming.Now I have a chance to sell existing home and hold a 30k mortgage for 2yrs.with 100k up front.If I even considered this offer what are the advantages and pitfalls.I know I can run all this through my lawyer,but I was looking for some personal opinions or anybody that has done this type of transaction.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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