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Amerinote Xchange Blog

We have been purchasing notes, mortgages and real estate contracts for over a decade and we pride ourselves on a unique client experience at the best price possible.

When you take out a mortgage to buy a home, you sign a promissory note as a promise to pay back the loan. Sometimes, the original lender may decide to transfer this note to another party, which involves a process known as mortgage note endorsement.  What is the Endorsement of a Promissory Note? An endorsement…

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Posted by Jennifer Park on June 14, 2024 | 0 Comments

When you’re looking to buy a home, you’ll likely come across terms like “mortgage,” “deed of trust,” “land contract,” “real estate contract,” and even “bond for deed.” It might feel like you’re learning a new language altogether, but there’s no need for alarm. A “mortgage” is a banking term and it basically means a loan…

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Posted by Jennifer Park on April 11, 2024 | 0 Comments

Are you up to your neck in mortgage payments, but you don’t want the bank to foreclose on your loan? Well, you might want to consider a deed in lieu of foreclosure. This is an option that can be advantageous for both you and your lender. It’s a win-win situation that may be able to…

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Posted by Jennifer Park on February 15, 2024 | 0 Comments

If you need a home appraisal, you may have run into a couple of challenges with traditional appraisers. Two of the most common challenges include: Price: A traditional house appraisal can be quite costly. It could cost as much as $1,200 depending on the appraiser and the details of the home.  Availability: It could take…

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Posted by Jennifer Park on January 15, 2024 | 0 Comments

Some terms are practically synonymous with the intricate world of real estate. Some, like mortgages, are fundamental things related to this field that everyone knows of. However, a few concepts like real estate owned (REO) are still confusing to some unless they do deep research. The term real estate owned (REO) relates to real estate…

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Posted by Lyle Solomon on October 16, 2023 | 0 Comments

Seller financing can be highly advantageous to both buyers and sellers. If you want to get your house off the market, offering a seller-held mortgage can help you do so expeditiously. However, it’s essential to understand how seller financing works, its pros and cons, and how it will impact you before moving forward. What Is…

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Posted by Jennifer Park on September 14, 2023 | 0 Comments

If you’re considering selling your mortgage note, you may be wondering how long the entire process takes. You may have also heard terms like simultaneous closing or concurrent closing. So what do these terms really mean? What is Simultaneous Closing (SIMO)? SIMO Meaning: A simultaneous closing (SIMO), often referred to as back-to-back closing, is a…

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Posted by Jennifer Park on August 15, 2023 | 2 Comments

Even though life is unpredictable, you can rest assured that there exists options that can make the process of buying a house easier. Porting your mortgage is one such option. While not always straightforward, mortgage porting can come in handy when your circumstances suddenly change, such as when you want to move, buy a new…

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Posted by Jennifer Park on July 25, 2023 | 0 Comments

Mortgage note holders owe it to themselves to understand the nature of the asset they’re sitting upon. Notes receivable are valuable, if often misunderstood, components of an investment portfolio. They can be a powerful tool, but only when used correctly.   This short guide will take a closer look at notes receivable. You’ll find out…

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Posted by Jennifer Park on June 21, 2023 | 0 Comments

Navigating the intricacies of land contracts can often be a daunting task for both buyers and sellers. One of the common questions that people considering purchasing or selling a land contract often ask is: “Who pays property taxes on a land contract?“. Read on to find out everything you need to know about property taxes…

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Posted by Jennifer Park on May 18, 2023 | 0 Comments