Should i Modify a note I hold on a property?

  • Thread starter Thread starter racache_us
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racache_us

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I hold a note on a property I sold a year ago. It is an interest only loan at 6%. The borrower is requesting 3% I/O.

Its is a 20 year loan and he is only in his first year. I told him i thought the Lender standing 1st should Modify their loan also. What do you think?
 
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