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Mr . Investor has a property that he owns but would like to sell. He thinks that it is currently worth $ 1 0 0
Mr Investor has a property that he owns but would like to sell. He thinks that it is currently worth $ He also thinks that in order to sell the property he may need to provide seller financing for five years by elther providing the
buyer with a purchasemoney mortgage or a land contract contract for deed
Required:
a What are the advantages and disadvantages to Mr Investor under each alternative?
b What happens under each alternatue if during the next five years, the property increases in value to $ and the buyer defaults on the purchasemoney montgage?
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