All Forum Posts by: Marc Faulkner

Please let me know if there is anything else we can do to assist with your seller financing or note selleing needs:)
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Marc Faulkner

Just checking in to see how I go about removing an advertisement that was posted in the group I moderate? Sorry if this is the wrong place to ask this question and I appreciate the response in advance.

I think the reason why you have not gotten a response is that there are few investors looking for interest only notes at the moment, especially in Nevada, Ca. and Az. Also 620 is the lowest most will go for as far as credit and buying a green note. I would suggest that you create a amortizing loan and up your underwriting criteria for the buyers credit to 620 and build in the ability to service and season this note for at least 3 months to make this attractive to investors in this market.

Quincy,
I am not sure what this has to do about the original question, "how to make money with notes", but, I'll bite! How do we protect ourselves right away in case of default?????

We are not aware of anyone buying at face value, however, if you sell off part of the payment stream you will realize a much better return than doing a full sale. Feel free to contact me directly for a detailed explaination. Also if you happen to find a note buyer paying face value please let me know and I will retire!!!!

I am working with a fund in Orange County Ca. that needs help negotiating short sales or buying non performing, first position notes at a discount with the intention of keeping the homeowner in the property.Please contact me if you can help and specialize in OC.

Type it in to Google and you will see!

I am working with a fund that is setting out to short sale homes in Orange County w/the intention of keeping the home owner in the home. They have the funds available as long as the deal fits into the underwriting criteria that is set-up and have authorization to buy in at up to 55% of the current BPO.
They have been advertising to homeowners that need help and have identified a couple of pet projects to show viability to investors and have not been able to negotiate the short with the lenders. I suggested making a bulk offer instead of trying to go at this one at a time.
Does anyone have experience in getting these done one at a time in Ca. while also allowing the home buyer to stay in the home?

Network with professionals that have clients holding notes. Show them how to free up capital for other investments and you will uncover more notes than you know how to handle.
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Marc

Yes you can look through the property records at the courthouse and look for evidence of seller financing. I personally think this is the long slow way to go. You are better off working with real estate professionals that use seller financing every day in business. Other good sources or financial professionals and real estate lawyers that have clients holding notes. These sources will call you when they or their clients have a note to sell because they need to raise capital. All going to the courthouse will do is provide you with an address of a note holder, that might just possibly want to sell at the time you call. This is a longshot and a lot of work for a maybe.