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...] about Selling Mortgage Notes – Where Have All The Simos Gone?
Archives for November 2010
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 … [Read more...] about Why Sell My Mortgage Note?
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 … [Read more...] about Note Buyers Demand Original Promissory Note
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 … [Read more...] about Note Buyers – Linked In or Whacked Out?