Peter G. Miller / 27 May 2019 / Reprinted from Think Realty The battle for Fannie Mae and Freddie Mac – so-called government-sponsored enterprises or GSEs – involves two hugely profitable companies and what will become of them. Fannie Mae and Freddie Mac are in play and with them the financial heart of the real estate marketplace. As they evolve – if they evolve – … [Read more...]
Top 3 Owner Financing Myths
Owner financing has once again gained popularity as mortgage approvals prove hard to obtain. The installment sale is being pulled out of the toolbox as an alternative financing method to conventional loans. As the owner financing method becomes a frequent topic among real estate agents, investors, and discussion boards there are inevitably some misconceptions being perpetuated. These three … [Read more...]
Why Sell My Mortgage Note?
Are you accepting payments on the sale of real estate? This 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 financed mortgage notes for cash: … [Read more...]
Payment Histories Increase Note Values
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 be improved by presenting note buyers a verifiable payment … [Read more...]
Safekeeping the Original Mortgage Note
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. Similar to a check, the original must be presented to collect or prove ownership. If … [Read more...]