The "Did You Knows" of Mortgage Notes

by Kelly Simmons of KRMN Pros (28-May-2009)

The average person has no idea that there are other options out there for them once they have retained a mortgage note or "private loan." Many of them think that they are doomed to receive these small payments once a month for what seems like forever... I' m here to tell you that that's so far from the truth.

The truth is there are other options out there.

Did you know:

  • There are people and organizations  out there that offer lump sums of cash for your note
  • There are professional services that help you through the process of selling your note
  • If you are a broker or agent, you can offer those services as an alternative to your clients who are reluctant to offer "seller financing"
  • Some professionals offer a free "no obligation quote" if you simply want to find out how much your note is worth in the present

If you or someone you know receives payments from a private loan or I.O.U. ( commonly called an Mortgage Note), but would rather have the cash in their pockets

or

If you are a Real Estate professional who would love to give your clients an extra incentive to offering seller financing as a means to sell their property faster...

I suggest you do the research. You may just be surprised at the amount of options you may have to get from under that "not so wanted" note.

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