If it is the first mortgage go for it.if it is the second mortgage don't touch it. There is no such thing as a parchal mortgage it should be a mortgage regardless of how much they pay down that is just a down payment it is 10% or 80%. wether. You hold the first mortgage they pay 100,000 down the rest to be paid every once a month. if they go over 30 days you can file fore closer. Second mortgages aren't worth the paper they are written on. If the place is sold on the court house steps they get a clear deed. dont ask me how I know but I am about 10,000 short of what my life time income chould have been was an a costley lesion. Will not do that trick again an the guy that pulled the trick was supposed to be one of my best friends.
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Today's Featured Article - A Lifetime of David Brown - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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