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Updated almost 9 years ago, 12/20/2015
Account ClosedPoster
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Create Paper
Create Paper
Find the cash you need by creating a low-interest note secured by a property you own. Use the note as a down payment on the property you wish to purchase, or sell it to an investor for cash. Your title company can draft the mortgage and note without an appraisal. Include a substitution of collateral clause so you have the option to move the debt to another property, a subordination clause to secure 1st position financing, and reserve a pre-payment discount.
Charles Parrish