We Purchase Owner Financed Mortgage Notes
Private Mortgage Notes, or as they are sometimes known, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that are the result of a seller of a single family home, condominium, multi-family residence or other residential or commercial building providing some degree of finance to the new buyer of the dwelling at the time of closing. They can be for the full amount of the mortgage on the sale (first position notes) or can be for a portion of the mortgage (second position notes) behind a traditional first mortgage lender.
When cashing out your Private Mortgage Note, you can elect to...
- Receive a Lump sum of Cash for Your Mortgage Note
- Sell Only a Percentage of Your Mortgage Note
- Sell a Specific Number of Monthly Note Payments ( Called a Partial)
- Any Combination of the Above
Historically, Private Mortgage Notes have been excellent investments but periodically, holders often find they do need to sell for a variety of reasons including...
- Taking Dream Vacations and Exotic Travel
- Educational and Re-training Expenses
- Attractive New Investment Opportunities
- Purchasing a New Dream Home
- Estate Planning and Distributions
- Starting a New Business Venture
- Settling Legal Matters / Divorce
- Financial Planning / Paying Off Debt
- Paying Unforeseen Medical Expenses
- Covering Expenses Due to Job Loss
Attention: Real Estate Professionals and FSBO Sellers!
In today's challenging real estate market and economy, Private Owner Financed Mortgage Notes are becoming more widely used and commonplace in real estate sales and can often provide the catalyst to get the deal done. Many sellers would prefer not to hold mortgage paper for lengthy periods of time, however. Before you structure your deal, think of your "exit strategy". Contact us regarding how to make your Private Owner Financed Mortgage Note attractive for resale at a later date if necessary.
Get Your FREE Note Holders Handbook
"Partials" are one of the most popular methods of obtaining necessary immediate cash from a mortgage note without being forced to sell the entire note. If you need only a portion of the cash balance of your note and would like to retain the rest, discover the power of "Partials" by requesting our FREE Note Holders Handbook.
To obtain your FREE copy, simply click the Download Button at left and complete our short "Additional Information Form". Once the form is submitted, we will provide you with your free copy of this valuable handbook.
