sell mortgage note l Newland Note Investors

April 14, 2018 By Noter2

How to Sell Private Mortgage Note Easily

Searching for mortgage buyers is not very difficult.

The short answer is get in touch with us at Newland Note Investors and tell us what you are looking for. The long answer, you could find mortgage buyers even online when ready to put the time and have the expertise to find a good one. There are always cash flow note buyers, and trust deed buyers. It will help you too if you ask your real estate adviser if they know any private mortgage buyers that will be interested with yours. Ask a real estate lawyer as well because they deal in creating private mortgages and in selling them. Search for articles and blog site online.

Effective ways to Sell Private Mortgage Note

You could do that by going searching through article categories online like the real estate category, finance category and go through the sub categories. Read these article to enrich your knowledge and awareness of the private mortgage sales. An easy way to go searching for buyers of your private mortgage note is using online search engine to sell it smoothly.

Use the Search Engine

Use Google, type in the phrase “sell mortgage note”, then go through those results and read the best content that looks much closer to what you need to know. You could use different search phrases like trust deed buyers, mortgage buyers, cash flow note buyers and read each of their contents on the pages. Take down notes as you go on and reading things that you will run into some of the same web sites, make sure to write down the sites you like, take the url from the browser and save it so you can go back to them when you are done going through a several websites and call them up and ask them question on how to process the sale of a private mortgage note.

Contact a local Real Estate lawyer to Help You

Some will say that to contact a local real estate lawyer, the same one that drew up the mortgage note, and ask him or her what is the best way to sell your mortgage note. It is a big possibility that they will be able to give you enough information on the issue. However, if they might not be able to is because they did not do your mortgage note in the first place. If this is the case, ask them for a referral. Try to contact at least three lawyers for information and follow the other tips that were mentioned here and you should have a good idea on the best way to sell your mortgage note.

How to sell your private mortgage note

Get in touch with your real estate adviser and ask them for help if they know how to sell your private mortgage note or if they can recommend someone to help you out and sell fast. Newland Note Investors is specialized in Buying and Selling private notes when you need expert advise and competitive pricing for your private mortgages you want to sell, so get in touch with us.

March 3, 2015 By Noter2

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 seller.

The Mortgage Note Seller

A note seller may understandably wonder,

“How do I know I will ever receive my money once I turn over the documents establishing ownership?”

The Note Buying Challenge

So the note buyer wants the documents before the money is released and the seller wants the money before the documents are released.

The Solution

Using an outside closing through a title company, attorney, or escrow company easily solves this impasse. The outside closer will act as an independent third party (or fiduciary) protecting the interests of both parties.

An outside closing is basically an exchange of money for documents. The outside closer will receive the proceeds from the investor into their trust account and also receive the documents from the seller. It is not necessary for either the investor or the seller to physically be present for the note closing with the use of overnight delivery and wire transfers.

The fee for outside closings average $200 – $400 and can be paid by either party or split equally. Any legitimate note buyer should be willing to participate in an outside closing through a licensed and bonded closing agent.

Outside closings offer protection and peace of mind to both sellers and investors when selling mortgage notes.

March 3, 2015 By Noter2

Sell Property Fast With Owner Financing

When a property isn’t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line “Price Reduced” added to for sale signs, listings and ads.

Rather than just reducing price…

consider offering owner financing to sell a property quickly!

In today’s real estate market obtaining a mortgage can be a large stumbling block to home ownership. In the midst of this sub prime mortgage meltdown it is difficult to obtain a loan, especially for anyone with less than A+ credit and a 20% down payment.

While there are many reduced priced properties for sale few are offering a solution to the financing challenges. By offering owner financing the seller can reduce marketing time and maximize price while providing the buyer an economical alternative to bank loans.

The buyer makes a down payment and the seller accepts payments over time from the buyer. In essence the seller becomes the bank and is able to collect interest on the balance financed at the agreed upon rate.

Rather than collect payments for 20 to 30 years most sellers will prefer a balloon payment provision that requires the buyer to refinance and payoff the seller in 3 to 5 years. The seller also has the option of selling all or part of the payments to a note investor for cash now.

Back in the 1980’s the use of owner financing increased when interest rates were in the teens and borrowers had troubles qualifying based on the high monthly payments. Seller financing is now offering a similar solution to the financing challenges caused by the mortgage crisis.

Offering owner financing can be a very effective way to reduce marketing times, provided a property is priced at fair market value using comparable sales. Simply add the words “Owner Will Finance” to the advertising and watch the inquiries increase.

March 2, 2015 By Noter2

How to Sell Your Mortgage Note

Want freedom from collecting payments for the next 10, 20, or even 30 years?

Prefer a lump sum of cash today?

If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps.