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
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
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
