Many sellers accept owner financing without any idea of how much the buyer can actually afford to pay.The last thing a seller wants is to stress over receiving monthly payments or worse, getting the property back through foreclosure. 3 Ways to Calculate Payment Affordability Before Accepting Seller Financing The amount a buyer can afford to […]

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 […]

Can you easily locate the original mortgage note?This important legal document should be kept in a safe place, and here is why!The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a negotiable instrument. […]

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 […]

Why would a seller allow a buyer to make payments over time for the purchase of property?Wouldn’t the seller rather get paid now and require the buyer to obtain a bank loan? Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent does […]

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 […]