I will never forget the first time I was asked this question by a potential note seller. “Should I offer a discount to the payer before I try selling my note?” I was silent for what seemed like minutes. In reality, it was only a couple of seconds before I replied but during those seconds my mind was racing. Of course I was thinking... “If the note holder makes an offer to … [Read more...] about Sell Mortgage Note to the Payer? What about Me?!
sell my note
Will I Have to Sell My Note at a Discount?
The most common question among note sellers is also the one that most new note brokers hope never to hear. Although I cover numerous ways and specific scripts for answering this question in the Finding Cash Flow Notes Training, I want to address it here from a 30,000-foot level. When dealing with the note discount question, remember three important things… 1. “Discount” is … [Read more...] about Will I Have to Sell My Note at a Discount?
Owner Financing, Seller Financing, Dodd Frank, Safe Act, and You!
Tired of hearing about owner financing laws? We share your pain. First the Safe Act had a say on Seller Financing and then the Dodd Frank Act. Why the government would want to slow the housing rebound further by putting stringent restrictions on seller financing - one of the few alternatives to bank financing available in today's struggling economy - is beyond us. And it's … [Read more...] about Owner Financing, Seller Financing, Dodd Frank, Safe Act, and You!
