2nds as part of down payment


#1

I have a couple of 2nds, $30K each, that I would like to use as part of a down payment. I also have about around $100K coming from the sale of a home. The 2nds are 10% I/O, the payments have been paid like clockwork, and both come due in a year. They are secured by two small apartments in San Antonio.

Would a seller want to discount the value of these if he accepts them as part of a down payment? If so, what would be a typical percentage of face value sellers would give?

Thanks.

Rolf

Wheat Hill