First National Acceptance Company has been buying real estate notes and land contracts for over 55 years! Located in East Lansing, Michigan, FNAC is a subsidiary of First National Bank of America with nationwide purchase programs for note holders and brokers. Gary Watkins, of the Wholesale Loan Trading division, shared their current buying guidelines in this NoteInvestor.com interview. What is the note investment focus of First National Acceptance Company? Buying Performing First Liens … [Read more...]
Archives for 2012
The State of The Real Estate Note Industry
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We just returned from the NoteWorthy convention where everyone seemed to be talking about three things: 1. The increase of owner financed notes (up by over 15% in 2012); 2. The opportunities in non-performing notes; and 3. How to effectively market a note business online. It was great to … [Read more...]
Seller Financing Regulation Proposals On Dodd Frank and TILA
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It's back... seller financing and purchase money mortgage notes are under attack again! As regulators attempt to sort out the impact of the Dodd Frank Act, Safe Act, and TILA/Regulation Z laws on seller financing your help is needed. Our efforts had a positive impact once before and we can make a difference again. Urgent News: Seller financing is under regulatory attack and your comments are needed by 10/16/12. This email just came in from the desk Ric Thom, President of Security Escrow. … [Read more...]
The Dangerous Side of Buying Partials on Mortgage Notes
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Partials are a great tool in a note investor’s toolbox to mitigate risk, but partials do not completely eliminate your risk. A partial is simply a note investing strategy that enables you to reduce your risk and still get some of the upfront cash to your seller. The dangerous side of partials is that they can give you a false sense of comfort when buying mortgage notes. … [Read more...]
Buy Notes Locally or Nationally?
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Every once in a while someone expresses this concern, “I don’t want to limit myself by only trying to find and buy notes in my own town…I want to make sure my marketing is global.” We certainly understand not wanting to limit yourself. For the most part, the market has changed. The Internet has taken many businesses to a global level of competition – but not all business. Some industries are still very personal and selling a mortgage note is not like buying a television off eBay. Any … [Read more...]
Get the Little Things Done in Less Than 48 Hours
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When people start a business as a “broker” in the note industry, they are often focused on the little things. What should the company name be? What about a logo? What should my business cards look like? How do I find quality note buyers? What about a website? All of theses items are important, but they often take people weeks, or even months, to complete. The fact of the matter is each of them may seem important and certainly have some weight in the creation of your business; but they … [Read more...]
Cash Back Bonus From Note Buyer Alaska Financial
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Alaska Financial has announced a special cash back Winter Blitz incentive program for note brokers. Here are the details from their recent Elite Partner Newsletter: - 1% Cash back on $500,000 or under - 1.5% Cash back on $500,001 or more - From now until the end of December 2012 they will pay up to 1.5% cash back on the accumulated funded principle.* - Quotes must close by December 31, 2012. *Only Alaska Financial Company Approved Elite Partner (EP) can be considered for the Winter … [Read more...]
7 Essential Tips For Marketing Your Note Business Online
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Want to market your note business online but don't know where to start? You are not alone! With over 1 billion web pages created daily the sheer volume of information can be overwhelming – paralyzing even! Since going online with our first note buyer website in 1998 a few things have changed. So here's our checklist for finding notes and marketing your business on the Internet in 2012. (Be sure to check out our audio interview at the end of this article!) 7 Essential Tips For Marketing … [Read more...]
10 Experts Weigh In On Finding Real Estate Notes
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Imagine gathering 10 note buying experts into one room and asking them, "What are the best methods for finding real estate notes?" Would you be waiting expectantly to hear their response? Well we have been honored to pose this question to a group of cash flow professionals with over 200 years of combined experience. Read their answers here! … [Read more...]
Tread Carefully When Working With Private Note Investors
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Thinking of working with private investors when selling mortgage notes or trust deeds? We recently received a question through our online training asking what to be on the look out for and wanted to share our insights with readers here at Note Investor. Thank you Tracy, I have one other question, are there any laws surrounding selling notes to non institutional investors for whom I would need to do the research on a Note for? - Mark Yes and great question! You want to keep a careful … [Read more...]
