Ready to sell mortgage notes? Protect yourself with outside closings! When an investor has performed their research and is ready to purchase a private mortgage note they will ask the seller to deliver original documents (note, recorded mortgage, etc.) and sign the transfer package. The Note Buyer The note buyer will want these original documents before the funds are released to … [Read more...] about Use Outside Closings To Sell Mortgage Notes!
Sell Property Fast With Owner Financing
When a property isn’t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line “Price Reduced” added to for sale signs, listings and ads. Rather than just reducing price... consider offering owner financing to sell a property quickly! In today’s real estate market obtaining a mortgage can be a large stumbling block … [Read more...] about Sell Property Fast With Owner Financing
Seller Financing – How Much Can The Buyer Afford?
Many sellers accept owner financing without any idea of how much the buyer can actually afford to pay. The last thing a seller wants is to stress over receiving monthly payments or worse, getting the property back through foreclosure. 3 Ways to Calculate Payment Affordability Before Accepting Seller Financing The amount a buyer can afford to spend on a house depends on their … [Read more...] about Seller Financing – How Much Can The Buyer Afford?
Protect Your Mortgage Note
A buyer failing to make payments on the mortgage note isn't your only worry. Understandably, a buyer that stops making payments is a major concern when using owner financing. After all, a seller-financed note is a very valuable asset. Unfortunately many sellers fail to protect their asset when it comes to another area...verifying current property insurance and taxes. … [Read more...] about Protect Your Mortgage Note
Can I Sell Part of My Mortgage Note?
Owner Financing doesn't have to mean waiting years or decades to receive money. Sellers have the choice to sell all or just part of their future payments for cash today. Option 1 - When note buyers purchase all the remaining payments on a land contract, mortgage note, or trust deed it is considered a full purchase. Option 2 - When the note buyer purchases just a portion … [Read more...] about Can I Sell Part of My Mortgage Note?