When an investor has performed their research and is ready to purchase a private mortgage note they will ask the seller to deliver original documents and sign the assignment package. The investor will want these original documents before the funds are released to the seller. A note seller will understandably wonder “How do I know I will ever receive my money once I turn over … [Read more...] about Outside Closings Protect Sellers!
Archives for August 2008
Moneymaking Opportunities with Notes!
Whether a seller, investor, or note broker, there are many opportunities to make money with owner financed or seller carry back notes. There is a lucrative secondary market for seller financed notes also known as the paper business. Here are a few of the most common ways people make money in the note business. Maximize Selling Profits A seller often takes back financing for a … [Read more...] about Moneymaking Opportunities with Notes!
What is a Partial Note Purchase?
When a seller allows a buyer to purchase property on installment the terms of repayment are usually spelled out in a Promissory Note or Real Estate Contact. Sellers may also elect to sell and assign their rights to future payments. When an investor purchases all the remaining payments it is considered a full purchase. When an investor purchases just a portion of the remaining … [Read more...] about What is a Partial Note Purchase?
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 … [Read more...] about Note Investor Registry Changes
Real Deal #138 – Partial on Oregon Home
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Today' we are taking a closer look at a deal in Oregon. Mobile Home Seller Financing Example A husband and wife decided to sell a rental home to their tenant using seller financing. The property included a 2-bedroom stick built home, a … [Read more...] about Real Deal #138 – Partial on Oregon Home