- Joined
- Aug 27, 2012
- Messages
- 76
Hi All,
Just an hour ago, I reached an agreement on price for a lot that I am selling. I am willing to offer a VTB for the lot. My question is this, under the proposed agreement this would be a second mortgage (I'm assuming I have a second position) if he fails. Is this normal? Any advise would be most welcome.
Just an hour ago, I reached an agreement on price for a lot that I am selling. I am willing to offer a VTB for the lot. My question is this, under the proposed agreement this would be a second mortgage (I'm assuming I have a second position) if he fails. Is this normal? Any advise would be most welcome.