Rare Opportunity for Today’s Note Buyers: Small Mortgage Notes

If you are just starting out in the note industry, and looking for great returns on your money, some cash in the bank certainly helps you get started as a note buyer. But what if you don’t have a lot of money to invest? What if you are just getting your feet off the ground, maybe saved a few bucks, but are certainly not “loaded” and looking to invest all your money in one big note? Small Mortgage Notes (with a rare opportunity). First off, small notes in general can often lead to bigger … [Read more...]

Note Buyer Burns To Learn

Ever wonder why note buyers are such sticklers for requiring proof the property is insured against fire or other hazards? Well have I got a story for you... Pulled from the archives, this Burn to Learn war story seems timely.  Why? There seems to be an influx of deals recently where property insurance is holding up closing. Nothing is a better teacher than real life experience, but perhaps I can spare you from getting burned. The Note and Trust Deed Investment It was a 1940s bungalow style … [Read more...]

FNAC Offers New Competitive Pricing to Note Brokers

First National Acceptance Company, a subsidiary of First National Bank of America, has been purchasing performing real estate notes nationwide for over 55 years. We now offer more competitive pricing on higher credit transactions and we continue to pay all closing costs. We've included a sampling of some of our recent broker closings. If you have any notes that you would like to discuss, please give me a call today or send an email. You can check out our webpage at www.fnacusa.com/brokers … [Read more...]

Owner Financing Statistics For Note Buying

The annual statistics for owner financing are hot off the press providing an overview of 2012 and insights on note buying in 2013. "2012 saw a 15% increase in the total number of seller financed transactions, the greatest number of notes created in any year since 2006," reported Scott Arpan, President of Advanced Seller Data Services. The analysis was based on 1702 counties reporting across the U.S. for a count of 103,313. Click here to download the full report in PDF format. Seller Financing … [Read more...]

First National Acceptance Company Buys Real Estate Notes Nationwide

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...]

Cash Back Bonus From Note Buyer Alaska Financial

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...]

NoteWorthy Convention 2012-Meet The Band in Vegas!

Ready to mingle with Note Buyers? Join us October 25-28, 2012 for the 26th Annual Noteworthy Convention in Las Vegas, Nevada! Get direct with institutional investors, meet private mortgage buyers, and learn note broker marketing strategies from leaders in the note business. NoteWorthy plans to surpass last year’s 300+ attendees, so the networking will be incredible with over 30+ speakers (including yours truly) working hard to deliver up-to-date strategies. This year's event has a … [Read more...]

Non Performing Note Buyer for Second Mortgage Liens

It's difficult to find note buyers for junior liens but that is especially true for non-performing second position mortgage notes. We were recently informed of an investor hungry for this type of real estate paper and wanted to share a new addition and update to the real estate note buyer directory. What type of real estate notes will your investors consider buying? The junior lien note buyers I am working with are looking for the following: 2nd position notes nationwide 1st are … [Read more...]

Buying Mortgage Notes? Sometimes It’s The Little Things!

If you are buying mortgage notes from banks or private sellers then you know sometimes those small pesky details can turn into big trouble. Recently a reader shared one of his note buyer stories of a "good deal gone bad." He was kind enough to let me share his story in hopes of saving others from a similar situation. After you read his story please head over to What Private Note Buyers Can Learn from MERS for tips on safeguarding against this challenging situation. Buying Mortgage Notes … [Read more...]