Comments for Note Investor http://noteinvestor.com Everything you need to know to Buy, Sell, or Create a Note! Mon, 08 Mar 2010 13:54:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Directory of Owner Financed Note Buyers and Service Providers by What is a Land Contract? : Note Investor http://noteinvestor.com/owner-financed-resources/2009-directory-of-owner-financed-note-buyers-and-service-providers/comment-page-1/#comment-3014 What is a Land Contract? : Note Investor Mon, 08 Mar 2010 13:54:07 +0000 http://notesellerblog.com/?p=339#comment-3014 [...] can be unrecorded or recorded at the county level depending on local practices. A seller can also sell contract payments for cash now. Just know that some investors may require conversion to a note and mortgage or a note [...] [...] can be unrecorded or recorded at the county level depending on local practices. A seller can also sell contract payments for cash now. Just know that some investors may require conversion to a note and mortgage or a note [...]

]]> Comment on Owner Financing – 21 Insider Secrets You Must Know Before Selling a Mortgage Note by What is a Land Contract? : Note Investor http://noteinvestor.com/owner-financed-resources/21-insider-secrets-you-must-know-before-selling-an-owner-financed-note/comment-page-1/#comment-3013 What is a Land Contract? : Note Investor Mon, 08 Mar 2010 13:51:47 +0000 http://notesellerblog.com/?p=304#comment-3013 [...] can be unrecorded or recorded at the county level depending on local practices. A seller can also sell contract payments for cash now. Just know that some investors may require conversion to a note and mortgage or a note [...] [...] can be unrecorded or recorded at the county level depending on local practices. A seller can also sell contract payments for cash now. Just know that some investors may require conversion to a note and mortgage or a note [...]

]]> Comment on How HUD Safe Act Will Hurt Seller Financing by Adriel Brown http://noteinvestor.com/notes-101/how-hud-safe-act-will-hurt-seller-financing/comment-page-1/#comment-2996 Adriel Brown Sat, 06 Mar 2010 00:17:57 +0000 http://noteinvestor.com/?p=1353#comment-2996 Well, this is/was the last day for leaving comments about HUD's proposed changes. I hope that alot of people took the matter to heart and spoke out about it. I also hope that seller financing and how it is used is left alone for people to utilize it how they see it fit. Does anyone know when an update would be available? Well, this is/was the last day for leaving comments about HUD’s proposed changes. I hope that alot of people took the matter to heart and spoke out about it. I also hope that seller financing and how it is used is left alone for people to utilize it how they see it fit. Does anyone know when an update would be available?

]]> Comment on 5 Owner Financing Tips for Sellers by TracyZ http://noteinvestor.com/sellers-corner/5-owner-financing-tips-for-sellers/comment-page-1/#comment-2979 TracyZ Wed, 03 Mar 2010 13:24:28 +0000 http://noteinvestor.com/?p=1363#comment-2979 Hello Fred! We have used all three social media outlets to market our business. Out of the three you referenced, my first preference is linked in followed by targeted facebook. Twitter is still experimental and we are testing to find the best way to make it effective in the professional business arena. Hello Fred! We have used all three social media outlets to market our business. Out of the three you referenced, my first preference is linked in followed by targeted facebook. Twitter is still experimental and we are testing to find the best way to make it effective in the professional business arena.

]]> Comment on 5 Owner Financing Tips for Sellers by Fred Huneke http://noteinvestor.com/sellers-corner/5-owner-financing-tips-for-sellers/comment-page-1/#comment-2955 Fred Huneke Mon, 01 Mar 2010 03:09:34 +0000 http://noteinvestor.com/?p=1363#comment-2955 Tracy. A question, unrelated, what do you know about facebook, twitter,linkedin, etc. in relation to advertising your business, webpage etc.; to get your face and name out there? If it is a good idea how do you go about it? Thank you for any help. Fred Tracy. A question, unrelated, what do you know about facebook, twitter,linkedin, etc. in relation to advertising your business, webpage etc.; to get your face and name out there? If it is a good idea how do you go about it?
Thank you for any help.
Fred

]]> Comment on Does Seller Financing Qualify for the $8,000 First Time Homebuyer Tax Credit? by TracyZ http://noteinvestor.com/sellers-corner/does-seller-financing-qualify-for-the-8000-first-time-homebuyer-tax-credit/comment-page-1/#comment-2949 TracyZ Sun, 28 Feb 2010 12:54:29 +0000 http://noteinvestor.com/?p=984#comment-2949 Hello M. Sylvain! The down payment usually comes from the buyer's savings and is made through the closing agent in the form of a cashier's check or wire transfer. It protects both the buyer and the seller to have the closing and funds handled through a title company, attorney, or other licensed closing agent. There are also times a seller might agree to finance the purchase with a small or no down payment from the buyer. Hello M. Sylvain! The down payment usually comes from the buyer’s savings and is made through the closing agent in the form of a cashier’s check or wire transfer. It protects both the buyer and the seller to have the closing and funds handled through a title company, attorney, or other licensed closing agent. There are also times a seller might agree to finance the purchase with a small or no down payment from the buyer.

]]> Comment on Does Seller Financing Qualify for the $8,000 First Time Homebuyer Tax Credit? by M. Sylvain http://noteinvestor.com/sellers-corner/does-seller-financing-qualify-for-the-8000-first-time-homebuyer-tax-credit/comment-page-1/#comment-2926 M. Sylvain Fri, 26 Feb 2010 22:13:59 +0000 http://noteinvestor.com/?p=984#comment-2926 Can you please let me know how to go about getting the down payment for seller financing at the closing table? Can you please let me know how to go about getting the down payment for seller financing at the closing table?

]]> Comment on Stop HR 4173 From Regulating Seller Financing! by Donna http://noteinvestor.com/note-brokers/stop-hr-4173-regulating-seller-financing/comment-page-1/#comment-2882 Donna Wed, 24 Feb 2010 15:16:03 +0000 http://noteinvestor.com/?p=1231#comment-2882 I believe this is another way to get more money out of the people's hands I believe this is another way to get more money out of the people’s hands

]]> Comment on How HUD Safe Act Will Hurt Seller Financing by Adriel Brown http://noteinvestor.com/notes-101/how-hud-safe-act-will-hurt-seller-financing/comment-page-1/#comment-2854 Adriel Brown Fri, 19 Feb 2010 01:44:12 +0000 http://noteinvestor.com/?p=1353#comment-2854 I was also thinking that the proposed rules to seller financing would not fly in the court of law, especially how the proposition is worded,"you can only offer owner financing on a home you live in". My reason is there would be no way that an individual could sell their home and they still occupy the home. Also, if I went out and bought 10 homes tomorrow, there is now way I can occupy all 10 homes. I would have to have rights to sell any of those homes the best way I can. If I had to resort to financing the sale of any of those properties, I would have to have the right to do so. I was also thinking that the proposed rules to seller financing would not fly in the court of law, especially how the proposition is worded,”you can only offer owner financing on a home you live in”. My reason is there would be no way that an individual could sell their home and they still occupy the home. Also, if I went out and bought 10 homes tomorrow, there is now way I can occupy all 10 homes. I would have to have rights to sell any of those homes the best way I can. If I had to resort to financing the sale of any of those properties, I would have to have the right to do so.

]]> Comment on How HUD Safe Act Will Hurt Seller Financing by TracyZ http://noteinvestor.com/notes-101/how-hud-safe-act-will-hurt-seller-financing/comment-page-1/#comment-2852 TracyZ Thu, 18 Feb 2010 23:47:19 +0000 http://noteinvestor.com/?p=1353#comment-2852 The feedback from readers on the HUD Safe Act has been right on encouraging. Hopefully all our comments will make a difference. Here is the comment I submitted at www.regulation.gov: <blockquote>All across this nation buyers are being turned down for home loans by banks and mortgage companies. Owner financing has long provided an alternative to traditional bank loans, and we need it now more than ever. There are many private individuals, trusts, and self directed IRA accounts that own real estate and are willing to seller finance a property that is not their own residence. The exemption (Item F Page 66551 of the HUD Summary Comments) should apply to any property that is owned and then financed by that owner. This exemption would include a second home, rental house, vacant land, mobile home, etc.; not just a person’s individual residence. If someone is regularly extending credit with seller financing they will fall under the existing dealer and TILA regulations. Please don't make the average seller that is willing to owner finance under an installment sale subject to all the requirements of a mortgage originator, just because they don't live in their property when they sell it. This will only make the housing market worse because buyers and sellers will have fewer options. Respectfully yours, Tracy Z. Rewey</blockquote> The feedback from readers on the HUD Safe Act has been right on encouraging. Hopefully all our comments will make a difference. Here is the comment I submitted at http://www.regulation.gov:

All across this nation buyers are being turned down for home loans by banks and mortgage companies. Owner financing has long provided an alternative to traditional bank loans, and we need it now more than ever.

There are many private individuals, trusts, and self directed IRA accounts that own real estate and are willing to seller finance a property that is not their own residence. The exemption (Item F Page 66551 of the HUD Summary Comments) should apply to any property that is owned and then financed by that owner. This exemption would include a second home, rental house, vacant land, mobile home, etc.; not just a person’s individual residence.

If someone is regularly extending credit with seller financing they will fall under the existing dealer and TILA regulations. Please don’t make the average seller that is willing to owner finance under an installment sale subject to all the requirements of a mortgage originator, just because they don’t live in their property when they sell it. This will only make the housing market worse because buyers and sellers will have fewer options.

Respectfully yours,

Tracy Z. Rewey

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