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Updated about 2 years ago on . Most recent reply

User Stats

80
Posts
25
Votes
Francois D.
  • Investor
  • Houston, TX
25
Votes |
80
Posts

Selling owner finance notes - Best buyers?

Francois D.
  • Investor
  • Houston, TX
Posted

Dear BP community,

I am selling a few owner-finance notes from Texas. There are tons of nationwide buyers, anyone has feedback to give on any of these? What is the most % of an unpaid balance you can get in this market?

Thank you

Most Popular Reply

User Stats

473
Posts
452
Votes
Marco Bario
  • Specialist
  • Frederick, MD
452
Votes |
473
Posts
Marco Bario
  • Specialist
  • Frederick, MD
Replied

@Francois D. - Texas notes are very desirable. I've been involved with recent transactions where they trade in excess of 90 cents on the dollar. 

Pricing will be determined by:

  • Collateral - Location, property type, property condition, property value
  • Borrower - Credit score, pay history
  • Equity - Ideally 20% or greater
  • Paper Type - TX title insurers no longer write policies on Contract For Deeds. Hopefully, you have Promissory Notes with a Deed of Trust.
  • Note Terms

Would be happy to take a look. I feel my reputation is solid and I tend to be highly competitive.

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