Seller-financed mortgage notes fall under the umbrella of creative financing. The creative aspect leads to notes of all shapes and sizes. The value of a note is determined by several factors unique to each, one of the most important of which is … Note Performance. Let’s dive deeper into this topic to better understand its impact on value. Performance = … Read More
How to Find the Right Mortgage Note Buyer
Once you’ve decided to sell your mortgage note or trust deed, the next step is to find a trustworthy professional note buyer. Here are some factors to consider when talking to prospective note buyers about your note. 7 Tips for Finding a Trustworthy Mortgage Note Buyer We realize that it’s not always an easy decision to offer seller-financing on your … Read More
5 Reasons to Sell Your Mortgage Note Now
Have you heard? Folks are selling their owner-financed mortgage notes and trust deeds every day for various reasons and using the lump sum of cash they receive for more urgent or prudent purposes. Why are they selling? It usually comes down to one of two things … a need or a want. Common needs include paying for college tuition or … Read More
Note Seasoning and Verifiable Payments
What determines the fair market value of a seller-financed real estate note? Is it the interest rate? Yes. Is it the value of the property? Yes. Is it the credit worthiness of the borrower? Yes. I’ll bet you’re seeing a pattern here. There’s not just one single factor that determines the value of your note. It’s actually a combination of … Read More
When is the Right Time to Sell Your Note?
Most folks would prefer a full cash offer when selling their property, but that’s not always possible. Various factors can make it hard for buyers to get bank financing, so you may have decided that offering seller-financing was the best way to facilitate the sale of your property. It’s likely you were told that the note you carried back could … Read More
Top 21 Reasons to Sell A Mortgage Note or Trust Deed
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
Note Rates – What’s the Big Deal?
The interest rate a seller agrees to accept when seller-financing a property to a buyer can have a dramatic impact on the note’s future value to investors. Unfortunately, many sellers don’t give this important decision proper consideration. The fact is that the note’s “face” (interest) rate is a very big deal … here are a few reasons why! Inflation Hedge … 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
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
How to Sell Your Mortgage Note
Are you tired of receiving monthly payments on your seller-financed note? Do you long for a lump sum of cash today? If you previously sold property with seller-financing, chances are you’ve wondered more than once about whether there’s any way to convert those monthly payments into cash now. Well, if so, then you’re in luck! There’s a very good chance … Read More
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