Private Mortgage Notes
Over the years, owner financing on the sale of real estate has become a well established and accepted practice. As a result of the Private Mortgage industry, owner financing is an even more attractive option than it once was. This is why over the last few years so many Americans have accepted a Trust Deed, mortgage or land contract note as part of the proceeds on a real estate sale.
A Real Estate note is simply a promise to pay a debt, secured by a mortgage, trust deed or land contract. Such a note, when properly constructed, can be sold to raise immediate CASH!
You can sell all or a portion of your privately held note.
Turn the promise of future payments into cash - TODAY!!!
BENEFITS OF SELLING PRIVATE MORTGAGE NOTES
Usually a contract is acquired in lieu of the cash actually desired during a real estate sale. If retained long enough, many contracts will eventually pay off. However, by selling all or part of a mortgage, you will never again have to worry about:
• Collecting the payments
• Default and Foreclosure
• Destruction/devaluation of the property
• Federal Income Tax reporting requirements
• Bankruptcy of the payor
• Divorce or death of the payor
• Abandonment of the property
• Deficiency judgments
• IRS tax liens/other liens against the payor
• Assumption of your note by another payor
You will have cash available to:
• Pay off debts with a higher interest rate
• Pay unexpected debts such as hospital bills
• Pay for tuition, vacations or new cars
• Settle estates or divorces
• Relieve bookkeeping and collection burdens
• Invest in a business, stocks, real estate or other more profitable venture
Private Mortgage Notes - FAQ
Click on FAQ for Private Mortgage Notes for more information.Get started today by clicking on the Private Mortgage Notes worksheet link.
Once this form has been downloaded please fill in all requested information and fax to: 866.863.6298
One of our consultants will contact you within 48 hours.