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...
I’m not like the old song”I Am My Own Grandpa,” but I may be a little like my grandpa’s dog. My grandpa had a small, scrappy feisty dog who loved nothing more than chasing rabbits, squirrels, or anything else that moved. One day, he went missing. The whole family...
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...
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...
At first glance, it seems logical to assume that two owner-financed mortgage notes with the same balance should be worth about the same amount. After all, if both notes are owed the same dollar amount, shouldn’t their value be identical? In reality, that’s rarely the...
