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Updated over 14 years ago, 08/13/2010
I'm a little confused LTV
A seller offered owner financing on his mobile park, great rates and terms but come to find out his loan balance is more than he's selling for.
When I found out the loan balance, the property barely cash flows as is so; I don't get what he's trying to do?
Threw me for a loop and my head is still spinning, maybe because i'm a nubee :)
Any advice?