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The home owner
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 |
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