Key Takeaways
- Every deal needs defined exit strategies for both parties.
- Default provisions with cure periods in every agreement.
- Escrow/servicing prevents the most dangerous default scenario.
- Notes sell at 75-90% of face value for capital recovery.
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Test Your Knowledge
1.What is the typical sale discount for seller-financed notes with 12 months of payment history?
2.What is the most dangerous default scenario in a wrap mortgage?
3.What protections should be included for the seller in a subject-to agreement?