Note Buyers take notice; a U.S. Bankruptcy Judge has now ruled MERS's business practices are unlawful. Heard of robo-signing, burger king kids, and attorneys promising to stop foreclosure? Well that’s all part of the MERS mortgage lending mess and it just got a lot harder than calling for a cleanup on aisle 5. What’s the impact? L. Randall Wray, Professor of … [Read more...] about What Private Note Buyers Can Learn from MERS
Who Pays Costs When Buying Notes?
Wondering how costs are handled when buying mortgage notes? You are not alone! Here is a question we recently received from a note broker: If the note buyer wants the seller to pay the closing costs, does the note buyer back the closing costs out and then send me the offer or do I back the closing costs out myself along with my fee and then present the offer to the … [Read more...] about Who Pays Costs When Buying Notes?
Seller Financed Note Business Increases 40%!
“The number of seller-financed notes created over the past two years has jumped 40%!” This breaking news was reported by Scott Arpan of Advanced Seller Data Services (ASDS) based on the analysis of information collected by their company. They currently compile data from the public recording offices for owner financed real estate notes in over 1600 counties across the United … [Read more...] about Seller Financed Note Business Increases 40%!
Should I Visit The Courthouse to Find Cash Flow Notes?
Wondering if courthouse research is a good for finding notes? It seems this question is making the rounds again, which is undoubtedly due to someone selling a “How To Find Notes at the Courthouse” training course for note brokers. Let me start by asking a question in return. Pardon my directness but… What year are we in? Is it 1987 or 2017? … [Read more...] about Should I Visit The Courthouse to Find Cash Flow Notes?
The Seller Financing Solution – Note Investor Radio Interview
Why is seller financing on the rise? It provides a main street solution to a wall street problem. If you are wondering how to use real estate notes to achieve your goals in this tough economy then you will want to catch the audio replay of the Note Investor radio interview. Last Tuesday we tuned in with Lisa Moren Bromma of Wise Women Radio to discuss the opportunities … [Read more...] about The Seller Financing Solution – Note Investor Radio Interview