05-12-2006, 11:12 AM
Sorry Mike, you legally can't fall back with the payments on any kind of loans. Seller financing, both "PMM" and "A/S" are no different than a bank loan. If you are late and the Seller choose to be lenient that's a different story but he doesn't have to be.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185