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Updated over 5 years ago on . Most recent reply

User Stats

54
Posts
6
Votes
Robert Breen
  • Real Estate Agent
  • Grant, MI
6
Votes |
54
Posts

Unseasoned note buyer? Seller financing.

Robert Breen
  • Real Estate Agent
  • Grant, MI
Posted

This is a very similar question to one that was posted quite recently but different enough that I wanted to start a new discussion.   My seller wants to sell their property.  The buyer wants seller financing.  The seller needs cash.  Could the seller of the property write the buyer a note for seller financing and then immediately sell the note to a note investor for the cash they need without running into Dodd-Frank issues?  I am thinking of a one time deal for the seller as opposed to someone trying to write a lot notes on properties they own.   Secondly, if this is OK are there any note buyers out there that would want to fill me in on what they would look for in a new note such as this?  With financing of properties getting more and more difficult it would be nice to have an option like this in my arsenal for selling properties.  

Most Popular Reply

User Stats

40
Posts
19
Votes
Nadine Massarelli
  • Real Estate Investor
  • Kannapolis, NC
19
Votes |
40
Posts
Nadine Massarelli
  • Real Estate Investor
  • Kannapolis, NC
Replied

We have a 2 year seasoned note and got a quote for resale of half what we originally lent, even though the property has about 40K in equity in it.  We decided to continue holding the note.

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