When a seller allows a buyer to pay gradually for the purchase of residential property, it is called owner financing or seller financing. This personal financing by the seller can fill in a bank loan or be in addition to a conventional mortgage. The … [Continue reading]
10 Ways To Increase The Value Of Your Promissory Note
Down Payment Amount More is better, 20% or more is ideal, Investors feel better when the homeowner has skin in the game. Interest Rate Do Not write a 0% Interest Rate Note; Investors need a good yield ( 8 - 15+%). They will discount the note more … [Continue reading]
5 Reasons To Sell Your Note
There are many reasons to sell your note, these are some of the common reasons we see. Money for a new car or holiday Cash to pay of debts Cash to send your kids to College You need money for better investment opportunities. You want … [Continue reading]
Documents Needed To Sell Your Note
These are the documents you need to have to sell your note. The signed promissory note. The Security Instrument: Mortgage or Trust Deed. The Lender's Title Insurance Policy Escrow Instructions Insurance Policy 12 Months Payment … [Continue reading]
7 Things That Can Go Wrong with A Note
The Real Estate Market declines and makes you note worthless The Note Payor has debt issues and files bankruptcy The Note Payer trashes the house and goes to jail The Note Payor makes illegal drugs in your house and make the house … [Continue reading]
