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Real Estate Owners Network - REOWN.com
Feb
03
2010

Owner Financing is Great, But the Buyer’s Low Credit Score Can Wipe Out Opportunities

Mortgage Note News
I’m just about to close a note deal where the Buyer’s/Payor’s credit score is below 600.  Why can I even work with this thing?  Because there was 10% down, there is almost 3 years of seasoning, and we’re only buying a partial, which keeps the risk acceptably low. What if the Payors had credit scores over [...]

Read entire article: Owner Financing is Great, But the Buyer’s Low Credit Score Can Wipe Out Opportunities

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