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Safekeeping the Original Mortgage Note

By Bob Bullinger

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...]

Filed Under: Protecting Mortgage Note Values Tagged With: mortgage note, note buyers, original mortgage note, promissory note endorsement, sell my mortgage note, sell trust deed, Virginia note buyers

Can I Sell Part of My Mortgage Note?

By Bob Bullinger

Owner Financing doesn't have to mean waiting years or decades to receive money. Sellers have the choice to sell all or just part of their future payments for cash today. Option 1 - When note buyers purchase all the remaining payments on a land contract, mortgage note, or trust deed it is considered a full purchase. Option 2 - When the note buyer purchases just a portion of the remaining … [Read more...]

Filed Under: How to Sell My Mortgage Note Tagged With: note buyers, partial mortgage note, sell my mortgage note, selling mortgage notes

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1904 Hunts Neck Court
Virginia Beach, Virginia 23456
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Virginia Beach, Virginia 23456
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