Selling Performing Notes

[Tony Tomasek]

I am considering selling a property to a private individual with owner financing. My father and I have held mortgages on properties before, but never thought about selling the mortgage to someone. How should I best structure the mortgage to get maximum value for the note?

I am looking at selling a property that has comparables at 65,000 for 55,000 and taking a 50,000 dollar mortgage. What rates/terms are the most valuable to note buyers?

[Florence T.]

Good Day Everyone...

I am a note buyer working with several other note investors/buyers, where I can be a notefinder for them... But here are some tips in structuring your deals...
*Equity/LTV is the most important factor-that pertain to the Down Payment your buyers going to put down to buy your house.
*Credit Score of Buyer/Payor-anything over 650 will be great, but it all depends on other factors as well...
*Terms of Note- payment amount, interest rates, and length of note-the shorter the term, the better.
*Balloon payment also plays a great factor-because with a balloon with shorter length as well, note buyers are guarantee to get their money

Those are some of the most important factors we look at first... the rest will figure out later.. But we can help you in buying those notes if you're ready to sell them.
Best of Luck and Hope to be of service to you now and in the future.
Thank you.