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Updated about 1 month ago on . Most recent reply

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Joe S.
  • Investor
  • San Antonio
2,956
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Note buyers for owner finance buyers without socials

Joe S.
  • Investor
  • San Antonio
Posted

In Texas there are quite a number of people with work permits that do not have socials. In the event that a seller was to owner finance a property to a buyer without a SSN, is there a market for the Note to be sold to a note buyer?  I have heard from a number of Note buyers that they would want the buyer to have at least 580 credit score. This does not seem realistic to have a credit score of 580 if a person doesn’t even have a SSN. 
Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?

  • Joe S.
  • Most Popular Reply

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    when I was buying notes I did not even run credit.. but I only paid 10 to 20 cents on the dollar. 

    business profile image
    JLH Capital Partners

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