Obtain Pricing on Notes in 3 Easy Steps
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
Gain Privacy and Protection with Land Trusts-Part 1
March 25, 2009 by Thomas Standen · Leave a Comment
Not everyone wants to be a public figure! Privacy and protection can be easily accomplished with the use of a land trust. Read more
Temporary Seller Financing
November 5, 2008 by Tracy Z · Leave a Comment
Who wants to wait for the monthly note payments to trickle in over the next 5, 15, or 30 years? It makes sense that more sellers would be willing to carry back owner financing for the buyer if they knew how to sell all or part of their note for cash shortly after closing. Read more
Safekeeping the Original Note
September 15, 2008 by Tracy Z · Leave a Comment
Can you easily locate the original promissory note? This important legal document should be kept in a safe place, and here is why!
The note is a promise to pay or IOU from the buyer, spelling out the amount and terms of repayment. In legal jargon it is known as a negotiable instrument. Similar to a check, the original must be presented to collect or prove ownership.
If the seller desires to sell and assign the note payments to an investor, the investor will ask for the original note to be provided at closing. Read more
What is Note Seasoning?
July 2, 2008 by Fred Rewey · Leave a Comment
“Seasoning” is the term used to describe the amount of time the payer has been making payments. The general rule of thumb is the longer the better, with 12 months or more optimal. That is not to say that a note won’t be sold unless there is a lot of seasoning. It just means the investor will be looking at other variables of the deal that minimize risk. Read more
What is Seller Financing?
July 2, 2008 by Tracy Z · 2 Comments
When a seller allows a buyer to make payments over time for the purchase of property, it is known as owner financing or seller financing. Read more
What is a Note Discount?
June 22, 2008 by Fred Rewey · Leave a Comment
This is usually the first question on everyone’s list. “Discount”
is essentially the difference between how much is currently owed on the note versus how much the investor is willing to pay for it. Read more
