How to Sell Your Mortgage Note

Tired of receiving monthly payments? Wishing for a lump sum of cash today? If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps. Step #1 - Request Quote Just complete a short informational worksheet to receive a free no obligation quote. This can be submitted online, by fax, or over the phone. Click Here for a List of Note Buyers Click Here to Download a … [Read more...]

Foreclosures Create Owner Financing Demand

Over 2.8 million properties were slapped with foreclosure filings in 2009 – a staggering 120 percent increase in the past two years. Discover why this bad mortgage crisis increases demand for seller financing and opportunity in the cash flow note business. … [Read more...]

Get Reliable Pricing When Selling a Mortgage Note!

Wondering whether to trust the pricing for the sell of a mortgage or land contract? Here’s how to know if it’s a firm offer or just a soft quote when going to sell a private mortgage note. … [Read more...]

UPDATE: First Time Home Buyer Tax Credit Extends to 2010 and Expands to Existing Homeowners!

The first time home buyer tax credit has been extended to April 30, 2010 and expanded to include existing homeowners. Read the details and discover ways to use the credit for profitable real estate deals, including creative seller financing and short sales. … [Read more...]

Does Seller Financing Qualify for the $8,000 First Time Homebuyer Tax Credit?

Great news!  The IRS has specifically answered "YES" to this question. It seemed pretty straight forward that owner financed transactions involving a deed to the buyer and a note and mortgage (or deed of trust) back to the seller would let qualified buyers take the First Time $8,000 Homebuyer Credit.  However, some wondered if … [Read more...]

Full or Partial Mortgage Sale? It’s All Dollars and “Sense”

Deciding whether or not to sell your mortgage note is easier when someone simply offers you a “Full” purchase. In addition to being a straightforward buyout of all the remaining payments, it also makes it easy to determine what you are receiving. For example, if you are offered $85,316 for a $100,000 balance mortgage note, you are selling the note at a $14,684 discount. That may sound like a lot, but you now have $85,316 up front rather than waiting over time to collect payments. The part that … [Read more...]

The Downside of Owner Financing – Disadvantages to Seller Financing

What's old is new again and the credit crisis, struggling economy, and real estate market are making seller financing the come back kid. Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp "DECLINED" on mortgage applications.  Before you agree to "Be the Bank" carefully consider the downside to providing creative financing. … [Read more...]

Owner Financing – 10 Advantages to Using the Seller Carry Back

The word is out and seller financing is on the rise as buyers and sellers look for creative ways to finance property in the struggling market. So what's all the hype? Here are ten advantages to using the seller carry back to buy or sell real estate. … [Read more...]

UPDATE on HR 1728: How Congress Wants to Change Seller Financing

There is growing and legitimate concern over how Bill HR 1728 would severely restrict seller financing. Be sure to read this informative update. … [Read more...]

Owner Financing – How to Finance Older Mobile Homes

Have you have ever tried to finance a mobile home manufactured before 1976? You probably felt like it would be easier to sell snow cones in Antarctica! Fortunately owner financing and private mortgages offer creative alternatives for hard to finance mobile homes. … [Read more...]