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Amerinote Xchange Blog: Market Trends

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.

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

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

When buying a home, there are a lot of extras you’ll need to consider besides your mortgage. One example is title insurance, which financial institutions require you to purchase before providing a home loan. You’ll also have the option to buy title insurance for yourself. What Is Home Title Insurance? Home title insurance is a…

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

When most people think of a promissory note, they think of a loan agreement between two individuals. But did you know that you can also use a promissory note to secure a home equity line of credit (HELOC)? A promissory note for a HELOC is a credit agreement between the homeowner and the lender. The…

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Posted by Jennifer Park on January 13, 2023 | 0 Comments

Promissory notes and loan agreements are documents that outline the details of a loan. They both outline the terms of the loan, including repayment terms, and act as legal documentation with remedies should a loan go unpaid.  Although promissory notes and loan agreements are similar, there are key differences between the two.  For example, promissory…

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Posted by Jennifer Park on December 15, 2022 | 0 Comments

Consumers and companies use the abbreviation BPS regularly in finance. The term may come up as you apply for a mortgage loan, when you sell a mortgage note, or any other loan for that matter.  Mortgages and other loans aren’t the only financial instruments where you may encounter the term BPS. It could be used to…

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Posted by Jennifer Park on November 15, 2022 | 0 Comments

Selling a property can be a long and arduous process, especially if you’re looking to get the best return on your investment. Many real estate investors are unaware of the 721 exchange, which can help them get a lump sum for their property while deferring taxes. By leveraging the 721 exchange, real estate investors can…

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Posted by Jennifer Park on October 14, 2022 | 0 Comments