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baloon payment

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Icon Mini Profile chirpndales





Joined: 25 Dec 2009

Posts: 1

1.00 Dollars($)
Post Posted: Fri Dec 25, 2009 11:46 am    Post subject: baloon payment
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I sold a piece of property for 471000. assume 371, and i carried 100,000 for one year . to date the owner has paid less than 5000.00 can I sell the 2nd note? Note was due 1/1/09 I agreed to extend it one year for interst only payments.
Icon Mini Profile gunzijjistaff
gunz.ijjistaff




Joined: 07 Apr 2009

Posts: 712

4.51 Dollars($)
Post Posted: Fri Dec 25, 2009 9:24 pm    Post subject:
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Yes, you can sell it or extend validity for 1 year.
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