It's up to you to make certain the lien is recorded. I am carrying the note on real estate I recently sold mainly to spread income that is limited as far as taxable S.S. income. Were it not for the I.R.S. circling overhead,I would draw every cent from my IRA to invest partly in mortgages. But guess what? Fedral law forbids me to carry a mortgage for anyone other than myself same as they forbid me to invest my IRA in the private sector unless I pay taxs on 100% of it first then tax me on any profit I make later. If you are saying the buyer will $100k down and you carry $30k,like I already said,I would love a deal like that. Just don't try to compete with bank interest. If thier credit was good enough they likly wouldn't ask you to carry it.
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