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HOME » Finance & Investing » Home Mortgage & Refinancing » Mortgage Note Buyers - Who Are They and How Can They Help You?

Mortgage Note Buyers - Who Are They and How Can They Help You?


A Mortgage Note buyer is simply a person
that can get you a lump sum of cash quickly from the future
payments you are scheduled to receive.



So if you took back a mortgage or seller financed your
home or property when you sold it and are receiving
payments, you will be given a fat check in place of
those future payments. The note buyer will then receive
the monthly payments instead of you, without any changes
for the person making those payments. This is a very
simple and easy process.



This is referred to as the "cash flow" industry.



The "cash flow" industry was created by the forces of
supply and demand, and it has now filled the void left by
traditional lending sources such as banks.



Why do they do this - What's in it for them?



Mortgage note buyers and the companies they work with or
for are all about the investment portfolio or long term
wealth. It is profitable for them to collect payment
streams that bring them in a consistent cash flow every
month. The difference between them and you is that they
have thousands of these payment streams coming in and it
adds up for them. They also don't mind waiting long
years to collect these payments. It's a good investment.



Mortgage note buyers can get you cash for:


  • Mortgage Notes

  • Land Contracts

  • Contracts for Deed

  • Deed of Trust

  • Trust Deed

  • Promissory Notes


Some note buyers work nationwide and some work a smaller
targeted area. They are all different. Some work with
many types of properties and some only with single-family
residences. Here is a list of the types of properties
many mortgage note buyers work with:


  • Single Family Residences

  • Duplexes

  • Condos

  • Town Homes

  • Apartment Buildings

  • Commercial Buildings

  • Land (improved or unimproved)

  • Mobile Homes with Land


*Not all mortgage note buyers work with every item
listed above, so check to make sure they can do the type
of deal you require.



A good mortgage note buyer will have many programs
available to suit your needs in selling your future
payments. Whether you want to sell all, or just part
of you future payments. Some options include:



  1. Full Purchase - The purchase of all of your future
    payments for one lump sum of cash.

  2. Partial Purchase - The purchase of a specified number
    of your future payments for a lump sum of cash now.

  3. Split Payment Purchase - The purchase of a specified
    monthly amount.


The options are truly unlimited.



In conclusion a mortgage note buyer's main goal is to
create a "Win-Win" situation that gets you the cash you
need, when you need it.



Want to consolidate credit cards, pay for college
tuition, take a well deserved vacation, purchase a new
or second home, or invest in other opportunities? Well
if you are collecting payments on a seller-financed note
a Mortgage Note Buyer can help.



Source: http://www.ArticlePros.com/author.php?Kenneth L. Edwards

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    About the author

    Kenneth & Kimberly Edwards are nationwide mortgage note buyers that specialize in creating "Win-Win-Win" situations for just about every type of note. Free, no hassle, no obligation online quote for your note =><a href="http://www.247mortgagenotebuyer.com">http://www.247mortgagenotebuyer.com</a>

    http://www.247mortgagenotebuyer.com

     
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    This article has been accessed 2 times since 2006-05-03.

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