On a vendors lien can I charge whatever I feel the purchaser can pay on monthly taxes before the baloon payment is due and they have to refinance.

Asked by Bebe, 03109 Sun Oct 25, 2009

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Tony, Agent, Bedford, TX
Tue Mar 30, 2010
You can charge if all parties agree to it. But if they are not able to refinance then it will cost you money to evict and you will subsequently lose you leverage. This may not be a position you want to end up in. You may start in the driver's seat but end up in the back seat.
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Ken Lambert, , Exeter, NH
Mon Oct 26, 2009
Hi Bebe- I'm a bit confused with this question. I'm a mortgage broker and in the real estate investment world- so I'm sure I could help out if I had some more details or clarification. Feel free to call or email me anytime.

Thanks, and good luck,

Ken L.
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