Written by Sellers and buyers of both residential and commercial property have used seller financing for years, which essentially means that the seller of the property is holding the new loan for the buyer of the property. READ MORE »
Posts tagged payments
Facebook: Pay or get out
Written by As Facebook starts to host all sorts of commerce — and is now mandating the use of its currency — perhaps it’s time to stop thinking of it as a company and start thinking of it as a country. READ MORE »
How Do You Buy Mortgage Note?
Mortgage notes are also known as private mortgages or hard money lending when personal money is used to purchase and financing a property. In return for doing this, you are going to receive principal monthly as well as interest payments until the note is paid in full. There are a few things to keep in mind when you are looking at buying mortgage note. READ MORE »
Options for Seller Financed Notes
Sellers and buyers of both residential and commercial property have used seller financing for years, which essentially means that the seller of the property is holding the new loan for the buyer of the property. In the past, this kind of financing was largely used when a buyer needed financing to purchase a property but time was an issue, as seller financed notes don’t have to go through the typical loan approval process that banks provide. However, in more recent years, with the economy going downhill in a fast way, properties in many parts of the country losing value, and many property owners finding their adjustable rate mortgage payments skyrocketing and putting them at risk of foreclosure, a perfect storm was created that resulted in seller financed notes becoming a necessity for many buyers and sellers to reach a deal. READ MORE »