What is a fair price for a cash flow note in today's market? Here are 3 easy steps that brokers and sellers can use to receive pricing before they sell a note. … [Read more...]
Why Buy Title Insurance?
December 16, 2008 By Leave a Comment
Does the seller really own the property? Are there any liens? Is there legal access? Does anyone else have a claim or right to use? Does the buyer have outstanding judgments that might attach when they purchase the property? These are just a few of the questions you will want answered with a title report when considering owner financing. … [Read more...]
Real Deal #148 – Seller Financing for IRA Investments!
November 19, 2008 By Leave a Comment
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. It can be challenging to obtain non-recourse loans necessary to finance the purchase of real estate in an IRA, 401(k), or other type of self-directed retirement account. Seller financing can be a viable alternative financing solution. … [Read more...]
What is a Payer Estoppel?
November 10, 2008 By Leave a Comment
Prior to purchasing a seller financed note, the investor might ask for a payer estoppel. This simple one page letter or document is sent to the person making payments on the note, mortgage, deed of trust, or real estate contract. The estoppel explains the investor is contemplating the purchase of the note, reassuring the payer that all terms and conditions will remain the same. It then summarizes the information on the note including current balance, interest rate, terms of repayment, and … [Read more...]
Increase Value with Payment Histories
September 12, 2008 By Leave a Comment
Keeping an accurate record of the payments received on the note shows how much the buyer still owes along with their payment habits. Plus, note sellers can also improve the value of their note by providing a verifiable payment history to the investor! … [Read more...]
The State of the Note Industry
August 25, 2008 By Leave a Comment
Around the country real estate markets have softened leaving a glut of inventory, decreasing values, and extended marketing times. The result? More sellers are offering to finance a portion of the purchase price for the buyer in an effort to “Move that House”! While sellers are motivated, lenders on the other hand are hunkering down or running scared. In the face of the credit crunch and increasing foreclosures, lenders have tightened underwriting requirements. Fewer loans are … [Read more...]
Owner Financing? The Top 5 Things to Consider
June 28, 2008 By Leave a Comment
When sellers provide owner financing, their primary concern is usually, “How do I make sure the buyer will pay me?” … [Read more...]
