Every day people line up to sell the mortgage note they carried back from the sale of a home. Although some people keep the note for the entire term, usually, at some point, there comes a time to sell the note and receive a lump sum of cash. Why Carry Back a Note? Chances are you carried back a note because you had to. Most people would have preferred a full cash offer (and payment) for their … [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...]
