The Borrower shall not be personally liable for any deficiency resulting from any sale and/or foreclosure hereunder.v.Each payment shall be credited first on interest then due and the remainder on principal, and interest shall thereupon cease upon the principal so credited.

If you are re-listing, are you remedying any deficiencies that would keep them qualifying for conventional?

The Borrower shall not be personally liable for any deficiency resulting from any sale and/or foreclosure hereunder.v.

LOL, well, I am technologically deficient, just saw an ipad watch thing, Dick Tracy didn't have it so good.

My intention is to get the property - though I may pursue the borrower for a deficiency if it makes sense to do so.

The UBP is what you're buying with a performing note and, if a deficiency is possible on any slow pay or NPN.Now, if this is just an underwater home, I'd be slashing to a LTV.

So stress the property condition to give the impression that it will appraise without deficiencies, another reason sellers use seller financing.I might consider a lease-option more than a note in your area if a buyer has a low down payment.

I'm from a contracting background, and deficient on sales skills.

The makers/payors shall not be personally liable for any deficiency resulting from any sale and/or foreclosure hereunder.

The makers/payors shall not be personally liable for any deficiency resulting from any sale and/or foreclosure hereunder.