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Posted on 5/14/11 at 8:02 pm to Wilbon
In LA a bond for deed means that you don't have to turn over the property until he satisfies the bond, basically you are the bank in this deal (well not quite, but it isn't that far off). If you think you can decide better than a professional lending officer if this guy is good for it, great.
But if you do know more than a lending officer then you probably wouldn't ask for advice here. So I'd pass. No offense, but this is probably a game played by people who are experienced with this, know the pitfalls, etc.
But if you do know more than a lending officer then you probably wouldn't ask for advice here. So I'd pass. No offense, but this is probably a game played by people who are experienced with this, know the pitfalls, etc.
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