The home owner determined the sale price of the property would be
$45,000. The buyer provided a $2,000 down payment. A promissory note
was created for $43,000 at 10% interest and interest only payments.
There was a balloon payment due in five years. The buyer's credit was
fair, leaning towards good. No home appraisal had been ordered.
http://www.6rboo.com/forex2.htm