Following the decision to sell your owner financed mortgage to a note buying company such as American Equity Funding (AEF), you may wonder who actually owns the note. American Equity Funding owns each mortgage note it purchases and also receives the payments. In many cases, however, the notes are brokered to a bank or other financial institution. The payments are then received by the new buyer and AEF simply ensures a smooth process.
selling an owner financed mortgage
You may wonder who actually owns your owner financed mortgage after you sell your note to American Equity Funding (AEF) or other mortgage buying companies. Following the purchase, we (AEF) has note ownership and receives the payments. In many cases, however, it is in the best interest of our client to broker the note to […]