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
ITV
What is LTV and ITV?
You have probably heard a lot of acronyms thrown around in the note industry. Many have to do with note values and calculating price. Including LTV and ITV. LTV - Loan to Value LTV stands for Loan to Value. This is shown as a percentage. LTV tells note investors how much the buyer or payer owes against the property. It helps answer an important question based on the … [Read more...] about What is LTV and ITV?
