Holding a Mortgageby Edith LankDear Edith: My sister has a property our father sold her years ago. She is having trouble financially and needs to sell. She asked me whether I think she should hold the mortgage. I think absolutely not! But I told her I would e-mail you for advice. — D.K. Answer: As so often, it all depends. Taking back a mortgage (lending the buyer some of the purchase money and collecting it year by year) might be a good investment for your sister — or she might end up in even mor ... ( Back to Article )
| ||||