Meet Don and Geri Padilla
 Don & Geri are the essence of Albuquerque and Santa Fe. Both New Mexico natives, they are an easygoing couple who are proud to be a vital part of this city. Whether they are skiing in the nearby mountains, biking down the local roads or putting their energies into volunteer efforts for the community, Don & Geri know it is rewarding when you take advantage of this great lifestyle. The Essence of Teamwork
As real estate professionals, Don & Geri especially enjoy helping others. They know these cities well and are recognized as a powerful and skilled team who get results for your home purchase or sale. They are an example of the characteristics of Albuquerque and Santa Fe - friendly, warm and looking toward the future. Whatever your home buying or selling needs are, Don & Geri are Albuquerque's results team. Strong Financing Experience
When you know how Don & Geri met, it is not surprising that they work well together. After earning her master's degree, Geri interviewed for a banking position and was hired by the manager, Don, who has a degree in economics. Both bank managers, they processed real estate loans and were involved in all areas of mortgage banking. Three years later they married and began using their loan knowledge in a new industry - real estate - and they never looked back.
You can
rely on getting results when you work with Don & Geri Padilla- they are
Albuquerque's results team!
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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What house is considered to be the first house with running water in America?
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| A |
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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