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Understanding the secondary market for real estate is crucial for new would-be-buyers and investors alike. With that in mind, below is an answer to the fundamental question “What is the secondary mortgage market?” Keep reading to learn how the secondary mortgage market works, who the major players are in recycling capital, and how you, as…

A mortgage note, sometimes called a promissory note, is a document that contains all the necessary information and terms that property buyers and sellers need to keep track of when it comes to the repayment schedule of a mortgage loan. Essentially, it is a written agreement to pay back the debt. This contract dictates the…

What are Mortgage Notes? Put simply, a mortgage note is a promise to repay a specific mortgage debt. A mortgage note is a legal document which describes the terms of repayment of a loan secured by real estate. The terms include a loan amount, interest rate, payback period among other items. A mortgage note is…

Definition: What is a land contract? A land contract, also called an “installment land contract” or “contract for deed,” is a seller-financed way to buy or sell real estate. Instead of using a bank, the buyer makes payments directly to the seller. The seller retains legal title of the property until the buyer pays the…

A partial purchase mortgage note offer can deliver serious benefits. You get instant access to cash by selling a portion of your note to a buyer, while still retaining regular interest payments and enjoying some significant tax benefits to boot. But accepting a partial purchase mortgage note offer isn’t the right move for every note…

Mortgage loans, as we know them today, date back to the 1930s, when FDR’s New Deal created the Federal Housing Administration, and with it, FHA-backed home loans. But when strict FHA lending standards boxed some would-be home buyers out, many Americans turned to private mortgage notes instead — seller-backed financing that offered looser qualifying requirements…

You may have recently lost a loved one. This may require the settling of an estate and dividing assets. One of those assets may include a private mortgage note. You might not have planned to sell a private mortgage note in your lifetime, but now that your relative has bequeathed you one or left one…

A contract for deed arrangement is one that allows a home buyer to purchase a property directly from the seller, without the involvement of a traditional mortgage lender or banking institution. It generally allows for a faster transaction and can open the door to buyers with less-than-perfect credit or a solid but short employment history….

We often get asked by potential clients, “Who buys real estate contracts?” Or, more importantly, “will you buy my real estate contract?” Though we wish the answers were a clear-cut yes or no, in most cases, it’s simply not. You see, the correct answer actually depends on the person’s definition of the term “real estate…

Selling a promissory note should not be a complicated undertaking. In fact, the overall process can be smooth and hassle-free when you prepare accordingly and use reputable note buyers or experienced note buying companies. As leaders in loan acquisitions and buying promissory notes, we have put together this functional guide to help you understand the…