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
The Seller-Financed Note Players
Whether buying or selling notes, understanding the players in a seller-financed transaction is key to profitable outcomes. Here are the five main players along with some standard industry terminology. Seller – Note Holder – Payee When a property seller accepts payments from a buyer over time using seller-financing, they also become the note holder, note owner, or payee. The payee … Read More
