Keeping an accurate record of the payments received on the promissory note shows how much the buyer still owes along with their payment habits. Plus, note sellers can also improve the value of their note by providing a verifiable payment history to the investor! … [Read more...] about Increase Value with Payment Histories
sell mortgage
What is Due Diligence?
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...] about What is Due Diligence?
Real Deal #142 – Balloon Note in Florida
Welcome to Note Investing Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Today, we're discussing a balloon note in Florida. It was a nice home in Florida with the seller asking $234,000. The buyer was eager to purchase the property and had saved almost 10% for a down … [Read more...] about Real Deal #142 – Balloon Note in Florida
Verify Taxes and Insurance
Worried the buyer won’t make payments? Understandably, this is a common concern by sellers using owner financing. After all, an owner financed note is one of the seller’s most valuable assets. Unfortunately so many sellers fail to protect their asset when it comes to verifying current property insurance and taxes. … [Read more...] about Verify Taxes and Insurance
5 Reasons Sellers Offer Owner Financing
Why would a seller allow a buyer to make payments over time for the purchase of property? Here are five reasons sellers consider financing property rather than requiring the buyer to obtain a bank loan. … [Read more...] about 5 Reasons Sellers Offer Owner Financing