Here is something you might not have thought of...There's not just one single item that determines the value of your real estate note. It's actually a combination of multiple variables including payment terms, interest rate, equity, property type, the buyer's credit, and note seasoning. That last one, note seasoning, might sound a little cryptic, but really breaks down to being one of the biggest … [Read more...]
Payment Histories Increase Note Values
Want top dollar when selling mortgage notes? Increase the value with payment histories! Keeping an accurate record of the payments received on a mortgage note is essential for knowing how much the buyer still owes. This also establishes a record of their payment habits - with an added benefit. The value of a note can be improved by presenting note buyers a verifiable payment history! There are … [Read more...]
Protect Your Mortgage Note
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...]
