When it comes to selling mortgage notes, people have many different needs and reasons to sell compared to others. Whatever the reason that you want to sell your mortgage note, you definitely have some options. In addition to private buyers and consultants, there are a variety of financial institutions that are eager to buy your mortgage note. Here at United Notes Originator, we work with numerous … [Read more...]
Mortgage Note Buying Team Members
Whether buying or selling mortgage notes, understanding the players in a seller financed transaction makes for profitable relationships. Here are the five main team members along with some standard industry terminology. Seller - Note Holder - Payee When a property seller accepts payments from the buyer over time using owner financing, they also become the note seller, note holder, or payee. The … [Read more...]
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: … [Read more...]
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 … [Read more...]
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 of the remaining … [Read more...]
