What is a note? That is a very good question...
To keep it simple and related to what I can do for you, a note is a
promissory note on a seller financed real estate loan that you "the
seller" got stuck with. Normally this happens when a seller of a
property takes back a note receiving monthly payments on a balance
owed after a down payment from the sale of the real estate property.
This note is secured by the property sold by you and can put the
seller "you" in a sticky and expensive situation if the buyer of the
property stops making payments or even just gets behind on payments
when you really need that cash the most. When this happens (when the
buyer stops paying) your property goes into foreclosure which is an
expensive path to take for an owner financed real estate loan.
As odd as my job sounds and believe me, most of the time people have
no clue what I do for a living when I tell them that I help people
get out of a seller financed real estate loan by giving the seller a
large lump sum of cash for the balance of the note.. So don't feel
bad if you don't even know how you got stuck receiving small monthly
payments for such a long time. I'll put your note in front of over
300 note buyers that will bid on the balance of your note for a
discount. The buyer of your note
will pay for all closing costs with the Escrow, Title or Loan co. of
your choice and the buyer gives me a commission for finding you.
The best part is, you get a large cash payout for the balance of
your note and the person that bought your property still owns the
property. If the buyer defaults on payments you are no longer
involved.
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