It seems you can’t make a move today without being reminded of the surge of “social media” outlets. But do these outlets actually help anyone do business? What about finding cash flow notes? First off, let’s look at some of the top social media sites in 2010 (in no particular order). YouTube - Twitter - Flickr - Digg - Facebook - Del.icio.us - Propeller Reddit - Metacafe - Technorati - StumbleUpon - LinkedIn - Mixx - Slashdot My Space - Class Mates - LiveJournal … [Read more...]
Archives for 2010
Questions on Selling Mortgage Notes
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Owner financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to a carry-back real estate notes including: Quick sale of the property Monthly income from the note No hassles of bank financing More qualified buyers Property that is hard to sell or finance Rather than waiting 20-30 years for payments, many sellers opt to sell future payments to a Note Buyer. Here are the seven most common questions we receive on … [Read more...]
Owner Financing Made Easy For Sellers and Home Buyers
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There is a new site connecting sellers and buyers that want to use owner financing. Note Investor caught up with Fernando Sanchez, founder, and asked him to share his vision. He explains how his site can help homeowners that want to offer seller financing and take back a real estate note. … [Read more...]
Dodd-Frank Hijacks Owner Financing
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Private property owners have been swept into the regulations of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act which was signed into law in July 2010. Owner financing will be regulated in Title XIV Section 1401(2) (E) Mortgage Loan Origination Standards. The law restricts private property owners who want to sell their own property using owner financing (installment sale). These are some of the consequences. Homeowners die before … [Read more...]
Selling Mortgage Notes – Where Have All The Simos Gone?
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This month’s owner financing real deal comes from our email inbox. Chances are this simultaneous closing question has been on your mind too. Question: I'm a rehabber in Florida and would like to have a company … [Read more...]
Why Sell My Mortgage Note?
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Owner financing seemed like a good idea at the time. Let the buyer make payments and get the property sold. After all the seller carry back is known for attracting purchasers and providing quick closings, without the hassles or fees of a conventional bank loan. But circumstances change and many sellers would prefer a lump sum of cash today rather than monthly payments that trickle in over the next 10, 20, or 30 years. If you are receiving payments on a mortgage, trust deed, or contract … [Read more...]
Note Buyers Demand Original Promissory Note
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In an effort to hang on to homes in foreclosure many owners are telling banks to, “Show Me the Note!” It looks like Wall Street lenders are learning something private note buyers have known for years… When buying and selling mortgages or trust deeds you need to get the original promissory note! Put it in a safe place where it won’t get lost and make sure it comes with endorsements and assignments that follow the chain of ownership. You know, something that proves you own what you say you … [Read more...]
Note Buyers – Linked In or Whacked Out?
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LinkedIn has been called the Facebook for businesspeople. I have a profile there, but I rarely check it, and requests to make a connection (similar to ‘friending’ someone on Facebook) from people I know may sit for months before I notice them. Nonetheless, I occasionally browse my ‘groups’ to see if anything of interest is happening and if people are really putting deals together online. What I’ve found is a tiny bit of e-commerce and a mega-dose of megalomania. There are a few people who … [Read more...]
Find Cash Flow Notes with Note Seller Lists
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What does it take to be an expert in finding real estate notes? We're pretty sure mailing 50,000 note holders per month qualifies. Get all the details in our exclusive Note Investor (NI) interview with Scott Arpan of Advanced Seller Data Services (ASDS). … [Read more...]
