Many of the articles and posts below about mortgage notes and other promissory notes have been published in the periodicals of various county bar associations, realtor groups, and builder/developer organizations throughout the U.S. Seascape Capital serves as real estate note buyers (private mortgage buyers) and occasionally as a real estate note broker in the purchase of nearly any type of promissory note.
All articles, posts and content on this website are copyrighted by Seascape Capital Inc. and may not be reprinted, duplicated, or used without the company’s written permission.
A land sales contract, also known as a contract for deed, is a form of seller financing where the seller retains the title to the property while the buyer makes installment payments. This type of agreement is often used as an alternative to traditional mortgage financing. Unlike a conventional mortgage, where the buyer receives full
A mortgage note is a legal document that outlines the terms of a loan secured by real estate, and a note sale refers to the potential sale of that note after the transaction has closed. The note details the amount borrowed, interest rate, repayment schedule, and other essential terms agreed upon by the lender and
Credit scores are numerical representations of an individual’s creditworthiness, used by lenders to assess the risk of extending credit or loans. These scores, typically ranging from 300 to 850, are calculated based on various factors such as payment history, credit utilization, length of credit history, types of credit accounts, and recent credit inquiries. A higher
Photo by Lili Kovac on Unsplash There are easy ways and hard ways to sell a house in 2024. Some avenues involve heavy lifting from your end – the seller. Others are quick, easy, and painless. Thankfully, with the help of technology, home sales can happen quicker than ever before. Consider these unique strategies to
For everyone working in the real estate market, knowing the mortgages and their position as public records might be essential. Knowing how mortgages operate in the public domain is crucial whether you’re a buyer, a real estate agent, a note buyer, or just someone who enjoys looking at property data. The goal of this thorough
In a time when financial flexibility is crucial for the expansion of both individuals and businesses, it is essential to comprehend the complexities of various loan types. Recourse and non-recourse loans, while frequently encountered in the lending industry, can be perplexing to borrowers, particularly when making critical decisions such as selecting a note buyer for
Transparency in financial transactions hinges on understanding the disparities between loan agreements and promissory notes. While loan agreements delineate terms like loan amount, interest rate, and repayment schedule, promissory notes serve as concise acknowledgments of debt. Recognizing these distinctions is crucial for all parties, including note buyers, to ensure legal adherence and risk mitigation in
When buying or selling a house, there’s a key document called an “allonge to a mortgage note” that comes into play. It’s not as complicated as it sounds. Essentially, an allonge is an extra piece of paper attached to the original mortgage note. This is needed when there’s no more space left on the mortgage
Embarking on the journey of homeownership frequently introduces various financial concepts, with mortgage subordination being a pivotal yet often misunderstood element. This guide aims to demystify mortgage subordination, elucidating its role and importance in home financing, especially in scenarios involving note buyers. Note buyers, as entities that purchase promissory notes tied to properties, often encounter
The real estate market is a dynamic and intricate sector, filled with unique terminologies and practices. Among these, the concept of “holding a note” is particularly significant, yet not always well-understood. This blog post aims to demystify this concept, exploring its nuances and implications for both sellers and buyers in the real estate market. Key
Promissory notes are legally binding financial instruments, essential in various lending transactions. These documents outline the terms under which money is borrowed and repaid. However, financial circumstances and agreements can evolve, necessitating modifications to the original terms. This is where an addendum to a promissory note becomes critical. In this article, we will explore the
In the world of real estate, filled with specialized terms and concepts, the “straight note” stands out as particularly crucial, especially for note buyers. This aspect of property transactions may initially appear complex, but anyone involved in the real estate market needs to understand. In this article, we aim to simplify the concept of a
Mortgage securitization is a key process in the financial industry. It’s a method for banks to transform home loans into a product that can be sold to investors. This intricate process transforms mortgages into marketable securities, influencing everything from individual home loans to the global banking sector. In this detailed exploration, we’ll dive deep into
Understanding the financial terms involved in borrowing can be a daunting task. Two critical terms that often create confusion are “Annual Percentage Rate (APR)” and “Interest Rate.” These ideas are essential to comprehending borrowing costs and a loan’s overall financial effects. The purpose of this article is to help investors and borrowers comprehend these words
Understanding property deals means getting to know different parts like promissory notes, mortgage notes, and agreements that legally tie people together. A critical aspect of this domain is the concept of modifying these agreements. This post delves into the intricate details of Mortgage and Note Modification Agreements, exploring their definitions, purposes, processes, and implications for
Imagine you’re embarking on a journey through the world of finance, where promises hold value and security is king. In this world, a special kind of promise called a “secured note” plays a pivotal role. It’s like a binding pledge between two parties, but with a twist – it’s backed by something tangible, something
A Deep Dive into Mortgage Gap Notes Mortgage transactions can be complex and involve various legal documents, one of which is the mortgage Gap Note. This document plays a crucial role in ensuring the security of the lending party during a specific phase of the property buying process. Now, let’s dive into what a mortgage
Navigating the real estate market, I’ve learned that securing a loan through property hinges on crucial instruments like the Deed of Trust. This legal document, which I’ve found pivotal in many real estate dealings, establishes a relationship between myself as the borrower (trustor), my lender (beneficiary), and a neutral third party (trustee). It’s particularly significant
Real estate investment is both vast and complex, with various terms and concepts that can be bewildering to newcomers and seasoned investors alike. One such concept is the real estate lien note, a crucial element in real estate transactions. We’ll explore the definition, implications, and roles of real estate lien notes, especially in scenarios where
Important tools for real estate investors’ toolboxes are real estate notes, often called mortgage notes or promissory notes. They are highly sought-after by investors because they symbolize the promise to repay a debt that is secured by real property. If you want to make smart investment choices and get the most out of your real
