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
note buyers
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
How to Buy Notes: Learning From My Worst Real Estate Note Investment
Wondering how to buy notes? Get some real life lessons learned from my worst real estate note investment! The note was secured by a small single family house in Arizona. … [Read more...] about How to Buy Notes: Learning From My Worst Real Estate Note Investment
How to Build a Note Business Website in 7 Steps
Why do you need a website for your note business? There are over 239 million users online making up 77% of the US population according to Internet Word Stats – and that number is only growing! With potential customers online there are great reasons for note buyers and note brokers to build a website. Your site will … [Read more...] about How to Build a Note Business Website in 7 Steps
The Need for a Solid Note Business Website
I think we can all agree that the web is not a “fad” nor is it going anywhere in our lifetime. I think it is also safe to say that there really is not any business on this earth that can’t directly benefit by managing a strong web presence. That of course applies to the note business! So what stops note brokers from creating a web presence that can help them Find Cash Flow … [Read more...] about The Need for a Solid Note Business Website