Colorado... Where it’s easy to buy marijuana but hard to sell a home with seller financing. In reaction to the Dodd-Frank Act, the Colorado Real Estate Division has issued a bulletin on the removal of the seller financing provision in the state regulated Contract to Buy and Sell Real Estate. While the creation of new seller-carry notes is holding strong since the … [Read more...] about Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts
Note Brokers
The Good, Bad, and Ugly Note Sellers
When dealing with a mortgage note seller, what is the most important element of the negotiation process? The amount of the discount? How long it takes to fund? The reputation / credibility of your company? At the end of the day, it is none of the items listed above. Sure, some people will say “price” but the fact of the matter is the value of the note (your bid) is a … [Read more...] about The Good, Bad, and Ugly Note Sellers
What About Brokering Non-Performing or Defaulted Notes?
It’s no secret the economy and housing crash resulted in record numbers of missed mortgage payments generating investor interest in delinquent, defaulted, and non-performing notes. In November, the MBA (Mortgage Banker’s Association) reported 9.75% of combined loans at least one payment past due or in foreclosure on residential 1-4 property, the lowest in five years. While … [Read more...] about What About Brokering Non-Performing or Defaulted Notes?
Are You Quitting The Last 41 Miles Of Your Note Business?
I wonder how successful a Daytona 500 driver would be if they just quit the last forty-one miles? I mean, go full-out, committed the first 459 miles, and then stayed in the pits while the people on the track completed the last forty-one miles. It is kind of the way I look at the month of December for the Note Business. It is so easy for me to get distracted between … [Read more...] about Are You Quitting The Last 41 Miles Of Your Note Business?
Tracking and Testing Your Note Broker Marketing
How is your note broker marketing plan performing? Do you get more inquires off your website or more calls from your mailings? What is your average cost per lead? Is that cost less on a professional referral or a paid ad? For every dollar you spend what multiple can you expect to earn in return? These questions can only be answered by... Tracking Your Note … [Read more...] about Tracking and Testing Your Note Broker Marketing
