A mistake many investors and brokers make is to focus solely on notes secured by single family houses (SFHs). Unfortunately, that is a last-century approach. The lowest interest rates in recorded history have meant that our Springer Spaniel could qualify to buy a house. So most homeowners have had no reason to offer seller financing. The Dodd-Frank Act of 2010 also negatively impacted the creation of notes, most likely because its complexity and consequent potential liabilities discourages … [Read more...]
Inflation & Recessions: Success Using Owner Financing
By
There’s a lot of talk about what’s going to happen if inflation starts to show up in our economy. With Owner Financing I have found you will not be affected negatively. The question is, “What is the market?” The CASH MARKET and OWNER FINANCE MARKET are two completely different markets. When the recession of 2008 hit I was able to take advantage of both markets. I took back 35% of my owner financed homes. I was able to recapture any appreciation that had happened from the time I bought … [Read more...]
Mitch Stephen Knows How To Sell Houses With Owner Financing
By
Interested in real estate investing without the headaches of rentals (no toilets, tenants, or trash)? Are you a landlord tired of vanishing cash flow due to maintenance and vacancies? Love note buying but tired of marketing to note holders that don't understand discounts? Discover how to create your own notes by selling homes with owner financing! If you want to combine the power of real estate and note investing then you will want to read this interview with Mitch Stephen. His … [Read more...]
Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts
By
Colorado... Where it’s easy to buy marijuana but hard to sell a home with seller financing. In reaction to the Dodd-Frank Act, the Colorado Real Estate Division has issued a bulletin on the removal of the seller financing provision in the state regulated Contract to Buy and Sell Real Estate. While the creation of new seller-carry notes is holding strong since the implementation of the Act in early 2014, we are starting to see changes in the way individual States, real estate professionals, … [Read more...]
Seller Financing Stats Increased in 2013 – What About 2014?
By
I love numbers! They always seem so validating - especially when they are on the rise! We got our hands on the latest seller financing statistics for 2013, the top 10 producing states, and a preliminary analysis of the impact of the Dodd-Frank Act on note creation for 2014. You won't want to miss this... Owner Financed Notes Increased 7.5% in 2013 "Overall note creation continues to climb past levels we have not seen for 10 years. 2013 saw a 7.5% increase in notes created over 2012. This … [Read more...]
How Dodd Frank Mortgage Laws Apply to Seller Financing
By
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...]
Owner Financing Statistics For Note Buying
By
The annual statistics for owner financing are hot off the press providing an overview of 2012 and insights on note buying in 2013. "2012 saw a 15% increase in the total number of seller financed transactions, the greatest number of notes created in any year since 2006," reported Scott Arpan, President of Advanced Seller Data Services. The analysis was based on 1702 counties reporting across the U.S. for a count of 103,313. Click here to download the full report in PDF format. Seller Financing … [Read more...]
Will 2012 Be The Year For Real Estate Notes?
By
To understand the current market for real estate notes it helps to go back in time. Years ago the country was in a financial crisis. Gas was expensive. There were numerous political battles in Washington, DC. Houses were not selling. Interest rates were high. Wait…what? … [Read more...]
Note Buyer Interview With Ric Thom of Security Escrow
By
Interested in seller financing, real estate contracts, or buying notes in New Mexico? Then you will want to know Ric Thom of Security Escrow, the feature of this month's Note Buyer Interview. Ric has been servicing and buying real estate contracts in New Mexico for over 25 years. He's also a true owner financing expert that has been actively involved in trying to "make sense" of the HUD Safe Act and Dodd Frank Act. … [Read more...]
Seller Financed Note Business Increases 40%!
By
“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...]
