The last thing someone who buys a real estate mortgage note or owner-finances a home wants is for the borrower to stop making payments. Most borrowers make their payments on time year after year. Unfortunately, some borrowers get behind on payments and need time to catch up. Occasionally, a borrower will stop paying altogether and either just walk away from … 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
What is Seller-Financing?
Seller-Financing (or owner-financing) refers to a sales transaction in which the seller allows the buyer to make payments over time for the property being purchased. This “private” financing by the seller replaces the more traditional conventional financing offered by banks. There are many reasons why a seller might offer financing to a buyer. Perhaps the buyer is self-employed and can’t … Read More
