We’re Still Buying Notes & Contracts

Posted by on Feb 1, 2017 in Uncategorized |

We buy the Seller’s interest in Contract For Deeds and the Beneficiary’s interest in a Note & Deed of Trust or Mortgage.  CFPB Rules regarding sellers carrying back a note & mortgage for the sale of a property to a buyer who will occupy the home may be changing in the future. For all our transactions we require title insurance. Most, but not all, transactions close at a title company.  A note seller or borrower can be...

Seller Financing Explained

Posted by on Oct 21, 2014 in Uncategorized |

Reasons for Seller Financing: A Seller may be interested in selling a property and carrying back a Promissory Note & Deed of Trust for a number of reasons.  The Seller may feel the property will sell quicker, the property type may make it difficult to find conventional bank financing, or the Seller is interested in the interest income generated from the Seller carry-back Note & Deed of Trust (or Note & Mortgage or Contract For...