Evaluating whether or not to keep your mortgage note can be a difficult decision. Alan Noblitt from Seascape Capital walks you through some things to consider when making the choice.
A business note is similar to a real estate note except that the collateral is mostly an actual business rather than real estate. Uh huh, so tell me again what is a business note? Okay, let’s try an example where Shelly Seller decides to sell her printing business to Bobby Buyer. Shelly leases the property where the property is located, and thinks that the business and its assets are worth $300,000. Bobby agrees to the price but he does not have $300,000 available and cannot get a loan from his local bank, so seemingly has no way to buy the Read More
Life changes, often exciting and sometimes challenging, at times can be overwhelming. This is especially true when it comes to financing them. If you have made the decision to or are considering selling a mortgage note, it may feel like it falls under that umbrella of overwhelming, but it doesn’t have to. The very first step for ensuring a stress free mortgage note sale experience is choosing a trusted and reputable note buyer. A seasoned note buyer can answer your specific questions, assist you to determine the best course of action when selling all of a real estate note or a partial note sale, Read More
It wasn’t long ago that we celebrated the coming of new year – we watched the ball fall, made some resolutions and some noise, and toasted to 2013. Starting fresh is what the new year is all about. While we do reflect on the past, for example how we capped off 2012 with a tumultuous presidential election and concerns about the fiscal cliff, the new year is really more about planning for the future. As we look ahead and consider changes to come, it’s a good time to review finances and consider the best use for our investments. The decision Read More
Welcome back to our series “Selling a Real Estate Note 101”. If you have been following along, hopefully you have gained a basic understanding of what is a mortgage note, the process of selling your mortgage note, how the value of your note is determined, what to look for in mortgage note buyers, and some knowledge of your note sale options. If you would like more information on any of the above topics, please call us directly so we can help answer your questions. Now that we’ve covered the basics, we wanted to summarize the most important tips for selling Read More