I would never offer in house financing for something I cant come and pick up if they breach the agreement.
Lien on their house?? What if:
A) their house is worth less than the mortgage?
B) what if they never move? My mother has been in the same house for 39 years and counting. That's a long time to wait if you put a lien in it!
I have an agreement with my bank - They won't install patios if I don't loan out money. But the Italian mafia does.
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Last edited by DVS Hardscaper; 01-08-2013 at 02:51 PM.