Tired of receiving monthly payments? Wishing for a lump sum of cash today? If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps. Step #1 - Request Quote Just complete a short informational worksheet to receive a free no obligation quote. This can be submitted online, by fax, or over the phone. Click Here for a List of Note Buyers Click Here to Download a … [Read more...]
Structuring Notes for Top Dollar Pricing
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The terms of owner financing dramatically impact the price an investor is willing to pay should the seller ever decide to sell their note, mortgage, trust deed or contract. Use these optimum terms to structure a seller financed transaction for top dollar pricing. … [Read more...]
Real Deal #147 – Estate Note in Arizona
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. A seller-financed note is an asset. The seller can elect to hold the asset collecting payments, sell the note, or leave to heirs as part of their estate. Many heirs would prefer cash now rather than payments over time. A large number of notes are purchased through estate distribution similar to this Arizona note. … [Read more...]
What is a Payer Estoppel?
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Prior to purchasing a seller financed note, the investor might ask for a payer estoppel. This simple one page letter or document is sent to the person making payments on the note, mortgage, deed of trust, or real estate contract. The estoppel explains the investor is contemplating the purchase of the note, reassuring the payer that all terms and conditions will remain the same. It then summarizes the information on the note including current balance, interest rate, terms of repayment, and … [Read more...]
What is Due Diligence?
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Before a note investor will pay cash to a seller for future payments, they perform what is called “due diligence”. This is really just a fancy word for research. You can simplify the process by being prepared for these common requirements. … [Read more...]
Real Deal #140 – Retirement Account Purchases Texas Note
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Small balance notes are often passed over by larger institutional type investors. This provides high yielding investment opportunities for private investors and self-directed retirement accounts. This well-seasoned transaction … [Read more...]
Real Deal #139 – Washington State Land Note
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. A land developer sold 10 to 20 acre tracts of land in Northern Washington State. Knowing land can be more difficult to finance … [Read more...]
