Guest PalapaGirl Posted February 24, 2010 Report Share Posted February 24, 2010 Has anyone here sold property and held a mortgage on it? How is it done? What government red tape is involved? I assume you would pay tax on the interest that you earn. I'd like to hear from the legal types and also from anyone who has actually done this. What are the major pitfalls? What recourse do you have if someone defaults, and would that be a nightmare process? Link to comment Share on other sites More sharing options...
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