The terms of a seller-financed transaction have a dramatic impact on the price an investor will pay should the seller ever decide to sell their note, mortgage, trust deed or contract. Here are the key elements of a seller-financed transaction that will ultimately determine its fair market value. Down Payment – The general rule is “more is better.” The more … Read More
Use Outside Closing When Selling A Mortgage Note!
When an investor has performed their due diligence (research) and is ready to purchase a seller-financed mortgage note, they will ask the note seller to deliver all original documents and to sign the closing/assignment package. The investor will typically want these original documents to be delivered before the funds are released to the seller. A note seller might reasonably ask, … Read More
Selling a Mortgage Note … It’s Not Just About Price
Inevitably, one of the first questions a note seller asks is, “How much will you give me for my note?” At the end of the day, that is what it’s all about, right? … Or is it? You might be surprised that there are some other very good reasons why a person might decide to sell their seller-financed note. For … Read More
Is it Time to Sell Your Note?
Every day people make the right decision to sell the mortgage note they carried back from the sale of a home. While some folks do keep their seller-financed note for the entire term, more often they decide at some point to sell the note and receive a lump sum of cash. Why Offer Seller-Financing? Chances are you sold your house … Read More
What is a Partial Mortgage Note Purchase?
When a seller offers owner-financing to a buyer, they agree to accept payments from them for a period of time. But what many sellers don’t realize is that they don’t necessarily have to wait 10, 20, or even 30 years to receive their money. Sellers have the option to sell all or just a portion of their future payment stream … Read More
Obtain Pricing on Notes in 3 Easy Steps
What is a fair price for a seller-financed note in today’s market? Here are 3 easy steps that sellers can take to receive a fair-market price before they make a decision to sell their note. Even if you ultimately decide not to sell your note at this time, it still makes sense to obtain a quote or appraisal on your … Read More
