People have many different needs and reasons that motivate them to sell a mortgage note or trust deed. Regardless of the motivation, it’s important to know that as the note seller you have options. Private note buyers, consultants, and even a variety of financial institutions are eager to buy your mortgage note. Here at Best Value Notes we work with … Read More
Increase Note Value with Verifiable Payment Histories
Keeping an accurate record of the payments received on a note can actually increase its value. Payment histories show how much the borrower still owes on the loan along with their payment habits over time. It may not seem so important to keep detailed payment records until you get ready to sell your note. Note investors place significant value on … Read More
Verifying Taxes and Insurance
Are you worried the buyer won’t make the monthly payments? If so, you’re certainly not alone. This is a common concern of sellers offering owner-financing. And it should be, since an owner-financed note is very often one of the seller’s most valuable financial assets. Unfortunately, all too many sellers fail to protect their asset when it comes to one of … Read More
Safekeeping the Original Note
Can you easily locate the original promissory note created when you sold your seller-financed property? This important legal document should be kept in a safe place, and here is why! The note is a promise to pay (or IOU) from the buyer which outlines the specific amount owed and terms of repayment. It is considered a negotiable instrument in the … 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
Common Note Buying Terms
Are you new to investing in real estate notes or wanting to sell your note? Don’t get confused by the industry terminology. To help you make sense of what you’re reading, we have compiled a list of common note-buying terms. There’s certainly more to investing than just knowing the lingo, however, it’s nonetheless a significant first step and will help … 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
