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...] about The State of The Real Estate Note Industry
Notes 101
Seller Financing Regulation Proposals On Dodd Frank and TILA
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 … [Read more...] about Seller Financing Regulation Proposals On Dodd Frank and TILA
Note Buyers Have Two Big Questions On Their Mind
Any investor or note buyer looking to purchase a private mortgage is asking two big questions… 1. What is the likelihood of the payments continuing? and 2. What happens if the payments don’t continue? To answer these questions, note buyers look at a variety of factors. … [Read more...] about Note Buyers Have Two Big Questions On Their Mind
Charging Late Fees on Notes
Successfully owning or buying cash flow notes requires a solid plan for collecting and servicing the payments. But what happens when the note payments are late? John Moren, a 25+ year veteran of the note business, explains the issues with charging late fees on notes. In speaking with our NoteSmith loan servicing software users, I sense a lot of confusion and … [Read more...] about Charging Late Fees on Notes
What Private Note Buyers Can Learn from MERS
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
