Updated over 2 years ago on . Most recent reply
Question on a Partial -
Looking at a performing 1st position partial. Ownership of note will transfer to me for term of the partial (48 months). Buy/Sell agreement says that if Purchaser (me) completes a foreclosure or otherwise obtains title to the property, Seller shall have the option to purchase back the property within 90 days for the amount owed to me at the time. Is this normal? Their is equity and the property would be valued significantly higher than what I would be owed in remaining payments. Am I looking at this correctly?