Note Buyers

Many people nowadays are looking for owner financed mortgage note buyers. As the housing market weakens, the number of people who sell their home via owner financing increases because it opens the sale of their home to a larger segment of the market.

This is simply because not everyone qualifies for bank financing, whether it be tightening lending standards, bruised credit, or lack of sufficient down payment. Moreover, some people don't want to deal with the hassles of bank financing even if they could qualify.

Savvy people have discovered that seller financing/ owner financing allows them to sell their home on terms and carry the note.

Owner Financed Note Buyers

Because there will always be a market for seller carryback, there will likewise always be demand for owner financed mortgage note buyers.

Owner financed note buyers do exactly what the phrase implies. These are knowledgeable professionals who will buy the note you are carrying, either full or partial, if you want to sell it.

You may want to sell your note for any number of reasons. Regardless of the reason for why you want to sell, the end reason is always the same: you need or want to raise a lump sum of cash now or in the near future.

Many people want to sell their owner financed mortgage note because they simply don't want the hassle of collecting payments anymore or don't want the risk of the payor of the note defaulting. Or maybe, you want the money now to start a different venture, or move on with your life. The reason doesn't matter.

Experienced owner financed mortgage note buyers will discuss your options with you, and make you an offer.

The amount they will pay for your note will depend on numerous factors about your particular note, so there's no way a general figure can be given. It all depends on your individual note. For example, if your note is being paid by someone who has a higher risk of default, then the notebuyer is going to want a steeper discount when purchasing your note to assume the risk.

And, of course, the converse is also true: owner financed note buyers will pay more for your note if it has generated a history of steady payments and is less of a risk.

Keep in mind, you don't have to sell your entire note. If, for example, you have a $100 thousand dollar note you created by selling on land contract, you could sell a portion of it to raise cash now, and carry the rest of the note for continued monthly passive income.

Speaking with owner financed mortgage note buyers who have been doing business for years can explain succinctly how much you can get for your note. And they should be willing to consult with you over the telephone for a free, no obligation quote so you can weigh your options.