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.
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Mortgage note by Nick Youngson CC BY-SA 3.0 Pix4free 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
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
