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selling home in FL

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We are selling our home in Ocala. How do we go about holding back a 2nd mortgage? We would like to do a one year ballon? What paper work needs to be done and where can I get it? What can we expect?
Homeguru I would like your input but all others welcome.


Senior Member
Your purchase contract should reflect the amount of the second and amount and type of interest rate.
And whether or not there is a prepayment penalty.
If this is done,escrow hires a documentation attorney to draft the second mortgage document.

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