Don’t Miss This RE Note Business Podcast

Have you heard about the Real Estate Investor Summit Podcast on iTunes? It focuses on teaching others to gain financial freedom with real estate through investor interviews. Recently the host, Mitch Stephen, interviewed me on his new podcast. Considering he is an owner financing expert himself, it was a real honor to have him share this with his listeners: "Wow let me tell you I was so impressed while we talked hearing her talk about the note business. She opened my eyes to some amazing ideas. … [Read more...]

Billions of Non Performing Notes Selling in 2015

We’re not even half way through the year and sales of non-performing note portfolios are already robust for 2015. Part of the credit goes to requirements issued by The Federal Housing Finance Agency (FHFA) to reduce the number of delinquent loans in the portfolios of Freddie Mac and Fannie Mae prompting several sales by these GSEs (Government Sponsored Enterprises). Largest Sale of Delinquent Loans by Freddie Mac In March Freddie Mac executed its largest sale of delinquent loans to date on … [Read more...]

Can You Please Define Private Mortgage Notes?

Is there a difference between the definition of a private mortgage note and a seller financed note? Better yet, does it even matter? A recent subscriber's questions are answered. "I am getting confused with - what is a private mortgage note and a seller finance note. They both seem the same. A private mortgage note is a note that someone is holding on what was sold. A seller finance note sounds like the same thing to me - a note on property sold and is holding the note? What … [Read more...]

What Private Note Buyers Can Learn from MERS

Note Buyers take notice; a U.S. Bankruptcy Judge has now ruled MERS's business practices are unlawful. Heard of robo-signing, burger king kids, and attorneys promising to stop foreclosure?  Well that’s all part of the MERS mortgage lending mess and it just got a lot harder than calling for a cleanup on aisle 5. What’s the impact?  L. Randall Wray, Professor of Economics, wrote this: "United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He … [Read more...]

Note Investor Interview with W. J. Mencarow Founder of Paper Source Online

Would you like to meet a note buyer that has been investing in private mortgages since 1981? Well I’m honored to introduce W. J. Mencarow, founder of the Paper Source, Inc. and the feature of this month’s Note Buyer Interview. Bill and Alison Mencarow have been publishing The Paper Source Journal since 1987. It is both the first and longest standing newsletter in the note business. Bill has also authored several guidebooks including “How to Get Started in Notes Without Using Your Own … [Read more...]

Learn the Note Business in 60 Seconds?

OK, you can’t really learn the cash flow note business in just 60 seconds, but this “speed round” of 11 questions will certainly get you started. Ready? Go… What is the Note Industry? The note business is the buying, selling and brokering of privately held notes. What is an example of a cash flow note? Ever see someone selling a property that says, “Owner will Finance?” That means the seller of the property is looking to “be the bank” and payments will be made directly to them. Seller … [Read more...]

Note Buyer Convention by NoteWorthy Nov. 10-13, 2011

NoteWorthy is holding their 25th annual note buyer and note brokers convention November 10-13, 2011, in Las Vegas at the The Palms Casino and Resort! The Noteworthy Convention Main Event is Friday-Sunday, November 11-13th It offers three days of sessions focusing on building wealth and generating income with seller financing, distressed assets, creative real estate investing, private lending, and more. There will be expert panel discussions, Q&A sessions, introductions to key vendors, and … [Read more...]