When JoAnn called me with the prospect of buying a Mortgage Note on a butterfly farm,I couldn’t help but chuckle. How would I even begin to foreclose on a butterfly? Iimagined myself darting around with an oversized net, chasing delicate wings flutteringthrough the...
In about 2012, I met one of the best Realtors in my career. She lived near Atlanta, Georgia, and told me about a failing subdivision she had listed for sale. We bought all the homes and lots in this subdivision. The homes were in various stages of completion, but we...
Selling or keeping your mortgage note is a personal matter, and the answer always depends on needs, timing, and preferences. Let’s delve into a real-life example for perspective and understanding. Selling a Note A client of American Equity Funding was interested in...
A crucial step when creating a mortgage note is deciding whether the borrower or lender willassume responsibility for paying property taxes and insurance premiums. Establishing an escrow(impound) account for a loan offers the advantage of monitoring tax and...
Do you dream of owning a home but feel overwhelmed by getting a mortgage through a bank? Or are you a property owner who wants to sell quickly without the bank’s lengthy processes? Owner-financed mortgage notes are a simple and powerful way for buyers and sellers to...
