Save the date! New Dodd Frank laws for seller financing and mortgage loan originators take effect January 1, 2014 (*see date revision information below). While it’s not a match made in heaven it’s also not the end of the note buying world as we know it. How Seller Financing Met Dodd Frank In reaction to the mortgage crisis lawmakers passed the Dodd Frank in 2010. This act placed new requirements on loan originators. It also built upon earlier initiatives of the Safe Act of 2008. Lumped into … [Read more...]
Seller Financed Note Business Increases 40%!
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“The number of seller-financed notes created over the past two years has jumped 40%!” This breaking news was reported by Scott Arpan of Advanced Seller Data Services (ASDS) based on the analysis of information collected by their company. They currently compile data from the public recording offices for owner financed real estate notes in over 1600 counties across the United States. … [Read more...]
How Much Will You Pay For My Note?
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If you buy or broker notes, you know pricing is the first thing sellers ask when looking to cash-out their payments from a seller carry back. Discover what sellers are really asking and the best way to answer the “What’s Your Discount” question. It’s natural for sellers to want to know the amount of money they will receive to sell future payments on a contract or mortgage. After all, it is the need for cash that made them make the call in the first place. But if you listen closely, you … [Read more...]
Learn Owner Financing For Profit!
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Every day people contact us asking about seller financing. Often they are interested in making money as a broker with cash flow notes. Increasingly we find it is sellers looking to sell a property fast or buyers wanting to purchase a home without a bank loan. But where do you turn for real answers that won't break the bank? … [Read more...]
Top 5 Articles on Seller Financing
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Owner financing was a hot topic in real estate last year and all indicators point to increased demand in 2010. In search of alternative financing methods, … [Read more...]
Rural Areas Depend On Owner Financing – Real Deal #155
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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. All across America rural communities turn to the seller carry-back to provide financing for areas that large-scale mortgage lenders have historically bypassed for larger metropolitan areas. … [Read more...]
UPDATE on HR 1728: How Congress Wants to Change Seller Financing
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There is growing and legitimate concern over how Bill HR 1728 would severely restrict seller financing. Be sure to read this informative update. … [Read more...]
Why Save Owner Financing From HR 1728?
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Owner financing has provided a safe harbor for buyers and sellers battered by the tsunami waves of the mortgage and real estate crisis. Rather than embracing the safety net offered by private parties the government wants to severely restrict the owner financed installment sale. In May NoteInvestor.com reported the potential disaster that would ensue if the current version of HR 1728 The Mortgage Reform and Predatory Lending Act was enacted (Read: How Congress Wants to Change Seller … [Read more...]
How Congress Wants to Change Seller Financing!
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Rarely does legislation have the potential to impact the world of seller financing as severely as HR 1728: Mortgage Reform and Anti-Predatory Lending Act. This informative article by Ric Thom helps explain the ramifications of this proposed bill and what action we can take now to protect owner financing and our private property rights. … [Read more...]
Owner Financed Real Deal #154 – The Buy Wholesale Sell Retail Tax Deed
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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. The seller carry back can maximize profits when buying real estate wholesale and selling retail as utilized with this Tax Deed transaction in Arkansas. … [Read more...]
