You are here: Home / Archives for note buyers

Note Buyer Burns To Learn

May 15, 2013 By 2 Comments
Note Buyer Burns to Learn

Ever wonder why note buyers are such sticklers for requiring proof the property is insured against fire or other hazards? Well have I got a story for you... Pulled from the archives, this Burn to Learn war story seems timely.  Why? There seems to be an influx of deals recently where property insurance is holding up closing. Nothing is a better teacher than real life experience, but perhaps I can spare you from getting burned. The Note and Trust Deed Investment It was a 1940s bungalow style … [Read more...]

Filed Under: Note Buyers, Real Deals Tagged With: , , , ,

FNAC Offers New Competitive Pricing to Note Brokers

March 14, 2013 By Leave a Comment
FNAC Note Broker Transactions

First National Acceptance Company, a subsidiary of First National Bank of America, has been purchasing performing real estate notes nationwide for over 55 years. We now offer more competitive pricing on higher credit transactions and we continue to pay all closing costs. We've included a sampling of some of our recent broker closings. If you have any notes that you would like to discuss, please give me a call today or send an email. You can check out our webpage at www.fnacusa.com/brokers … [Read more...]

Filed Under: Note Buyers Tagged With: , ,

First National Acceptance Company Buys Real Estate Notes Nationwide

November 7, 2012 By 2 Comments
First National Acceptance Logo

First National Acceptance Company has been buying real estate notes and land contracts for over 55 years! Located in East Lansing, Michigan, FNAC is a subsidiary of First National Bank of America with nationwide purchase programs for note holders and brokers. Gary Watkins, of the Wholesale Loan Trading division, shared their current buying guidelines in this NoteInvestor.com interview. What is the note investment focus of First National Acceptance Company? Buying Performing First Liens … [Read more...]

Filed Under: Note Brokers, Note Buyers Tagged With: , , , ,

Cash Back Bonus From Note Buyer Alaska Financial

September 14, 2012 By Leave a Comment
Note Buyer Incentive Alaska Financial

Alaska Financial has announced a special cash back Winter Blitz incentive program for note brokers. Here are the details from their recent Elite Partner Newsletter: - 1% Cash back on $500,000 or under - 1.5% Cash back on $500,001 or more - From now until the end of December 2012 they will pay up to 1.5% cash back on the accumulated funded principle.* - Quotes must close by December 31, 2012. *Only Alaska Financial Company Approved Elite Partner (EP) can be considered for the Winter … [Read more...]

Filed Under: Note Buyers Tagged With: , ,

What Determines a Mortgage Note’s Value?

August 15, 2012 By 1 Comment
Mortgage Note Value

The second you get past explaining, “What is a private mortgage note?” the next question is, “How do you determine its fair market value?” There are a lot of variables that go into a Note Buyer determining how much a note is worth for lump sum purposes – and each investor may have different hot buttons. Here are the main ones… 1. Credit Score How is the credit on the people who are paying on the mortgage note? Obviously the higher the credit scores the better. That said, many … [Read more...]

Filed Under: Cash Flow Business Tagged With: , ,

Note Buyers Have Two Big Questions On Their Mind

June 12, 2012 By Leave a Comment
Note Buyer Questions

Any investor or note buyer looking to purchase a private mortgage is asking two big questions… 1. What is the likelihood of the payments continuing? and 2. What happens if the payments don’t continue? To answer these questions, note buyers look at a variety of factors. … [Read more...]

Filed Under: Notes 101 Tagged With: ,

Private Note Industry: Become a Broker or Buyer?

June 5, 2012 By 2 Comments
Note Industry Broker or Buyer

When considering participating in the private note industry, you may have been wondering exactly “how-to" participate. First off, let’s review the players involved a typical real estate note transaction and how to get involved. The Note Seller This is the person that holds the note, is receiving payments, and wishes to sell future payments for a lump sum of cash. The only way to be the Seller in this type of deal is to be holding or creating notes. You can do this by selling or … [Read more...]

Filed Under: Note Brokers Tagged With: , , ,

Buying Mortgage Notes? Sometimes It’s The Little Things!

May 23, 2012 By 3 Comments
Buying Mortgage Notes From Banks

If you are buying mortgage notes from banks or private sellers then you know sometimes those small pesky details can turn into big trouble. Recently a reader shared one of his note buyer stories of a "good deal gone bad." He was kind enough to let me share his story in hopes of saving others from a similar situation. After you read his story please head over to What Private Note Buyers Can Learn from MERS for tips on safeguarding against this challenging situation. Buying Mortgage Notes … [Read more...]

Filed Under: Note Buyers Tagged With: , , , , ,

One of Our Favorite Note Buyer Purchases

April 25, 2012 By 1 Comment
Favorite Note Buyer Investment

One of the best investments we made as a note buyer happened a bit by accident. In 2008, we were contacted by a potential seller of a real estate note secured by productive farmland. He wanted to sell payments from his note to pay off his credit card debt. The details were roughly as follows: … [Read more...]

Filed Under: Real Deals Tagged With: , , ,