How Mortgage Notes Are Valued
When people begin exploring the idea of selling a mortgage note, one of the first questions they ask is simple: “How much is my mortgage note worth?” The answer depends on several factors. No two owner-financed mortgage notes are exactly alike, which is why note...
Between the Bunkers
Around 1998, I reviewed a little over 100 mortgage notes in Orange, Texas. The negotiations were with an attorney handling the estate of the late Mr. Houseman, a local real estate investor and cemetery lot salesman. Uniquely, Mr. Houseman had operated his real estate...
Primary Criteria for Establishing a Sellable Owner-Financed Mortgage Note
When setting up an owner-financed contract for a deed, mortgage, or deed of trust, American Equity Funding suggests the following primary criteria to increase the value and marketability, thus making the note sellable. Primary Criteria Credit Score A credit...
