Confused on the "Subject to's" back-end $
Ok, I understand that you pick-up the dwn pymt as the front-end $ and you get a monthly spread from raising the int. rt. but how do you get the payment on the back-end....I'm thinking when the buyer re-fi's for the original amount offered from me that the difference from the amount offered and the payoff is my back-end $, is this correct and if not please set me straight on this one. Thanks, Clif :coolsmile:
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You got it.