Is 2009 a Good Time to Buy Owner Financed Real Estate Notes?

This question is on the minds of many investors right now. With real estate values down and banks restricting credit, there are more seller-financed notes available. Although there is never a crystal ball, if you buy notes at a good ITV you have the opportunity for high yielding investments. Here are a couple things to look for… Read more

Note Investor Registry Changes

Bayview First Funding, a subsidiary of Bayview Financial, will no longer be accepting new submissions for seller financed mortgage purchases through its Texas based note buying division, effective Friday August 1, 2008.   

Formerly known as Interbay Funding, this company was introduced to the note buying community in 2001.  With competitive pricing and access to securitization funds, Bayview quickly became a preferred national institutional note buyer for full private mortgage purchases.

Unfortunately, the seller financed private mortgage business has not been immune to the effects of the credit crunch resulting from the sub prime mortgage crisis.  We are seeing a move towards private investors, portfolio lenders, and pension funds.  These types of companies tend to hold their notes for long-term interest income rather than relying on a quick resale to the secondary securitization markets.