When a seller allows a buyer to make payments over time for the purchase of property, it is known as owner financing or seller financing. This private financing by the seller can take the place of a bank loan or be in addition to a conventional mortgage. The payment amount, interest rate, and other terms are agreed upon between the buyer and seller. The amount financed by the seller will Continue Reading about What is Seller Financing?
Washington Note Buyer
Why Sell My Mortgage Note?
Accepting payments on the sale of real estate might have made sense at the time, but circumstances change. Many sellers discover they would now prefer cash today rather than the small amount that trickles in each month. Here are just a few reasons people have sold all or part of their seller financed mortgage notes for cash: Continue Reading about Why Sell My Mortgage Note?
Avoid Three Seller Financing Mistakes
Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference in usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. Mistake #1 – Failing to Check Credit The payer’s credit report lets you know how timely they have paid bills in the past. This is a good indicator of how they will pay on Continue Reading about Avoid Three Seller Financing Mistakes
Use Outside Closings To Sell Mortgage Notes!
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 the seller. The Continue Reading about Use Outside Closings To Sell Mortgage Notes!
Safe Seller Financing Tips
It’s a tough time to sell a house. Hoping to stand out from the crowd, sellers are advertising "Owner Will Finance!" Accepting payments over time provides buyers an alternative to bank financing. Of course sellers don’t want to trade a house that won’t sell for a buyer that won’t pay. Before you agree to "Be the Bank" read these 7 Tips For Safe Seller Financing! Continue Reading about Safe Seller Financing Tips
Learn the Value of Your Mortgage Note
Wondering just how much your mortgage note is worth? The value of a note or contract is affected by many factors including the: Down Payment Terms of the Note Buyer’s Credit Rating and Payment History Type of Property Sold and Its Current Value Since each transaction is unique, we offer a free note analysis based on your individual situation. Fortunately it is easy to obtain a Continue Reading about Learn the Value of Your Mortgage Note
How to Sell Your Mortgage Note
Want freedom from collecting payments for the next 10, 20, or even 30 years? Prefer a lump sum of cash today? If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps. Step #1 Request a Quote - Just complete a short informational worksheet to receive a free no Continue Reading about How to Sell Your Mortgage Note