Concur. Every situation is different and everyone's risk tolerance is different as well. This buyer seems to have deep pockets (professional athlete at highest level), has multiple properties and excellent credit. Not sure why they want private financing, maybe the fees or PMI, just not sure. But, given the amount of cash down and high monthly payment, I'm accepting the risk of default. It will cost them $125K to walk away from it (and that will cover a lot of legal fees if necessary).
Thanks for your thoughts & comments Carl!
Ron
