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We represent a Nevada licensed mortgage broker that originated loans and sold fractional interests off to individual investors. The mortgage company continues to represent their interests, either as loan servicer or as the manager / general partner of the entity that took title to the property following a foreclosure.
This is determined on a case-by-case basis. In many instances, the entity that owns the property will consider carrying paper if the buyer makes a large enough down payment and is willing to make regular interest payments on the balance. The rate and term will vary, depending on the specific property.


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