All Forum Posts by: Marc Faulkner

TValue is what most folks use. We look at the REAL equity and credit from a Note Buyers stand point. We also take the area, seasoning and investment to value and yield into consideration. The better the picture you can paint and substantiate the more you will get!!!!!!

Because of my companies dealer status we already have to pay capital gains on the difference between the sale price and our cost on installment sales which seems crazy when we are making it easier for the common man to get into a home/ The American Dream! It's already hard enough-why make it any harder?

I didn't even think about what this could do for Habitat for Humanity, are you sure this can impact the non profits that offer seller financing or are they somehow excluded?

Some of my biggest mistakes in life have also been my best blessings. Thanks for sharing these stories! What better way to learn than from another man's mistake? It kinda takes the sting out of the whole deal :)- Hard knocks-wish I had the time here to go into them/ let alone pick my biggest failure!!! Sure do feel better after reading this thread though. Great stuff......

If you or your clients are holding first position, performing real estate notes with a need to raise capital, we offer fast cash for real estate notes, mobile home notes, business notes and other performing secured cash flows. We have a system designed to create competiton around your sale with out listing your note on the open internet for others to copy and paste and spread through out the broker chain, making your note less valuable and making you look desperate to sell. Most note brokers have no idea how to break the chain because they all went to the same late night TV seminar! Don't be a research victim. We have the experience to get your performing transactions funded as quickly as anyone in the country.

Why the government would try to make it more diffacult for sellers to move property in these times is beyond me. Restricting the use of seller financing is a joke when bank loans are getting harder to come by. I think the government should by trying to stimulate the use of seller financing not restrict it.

LOL Harrison!
If you are having luck getting them refid out at full face value, you have made it! There isn't any need to sell a note at a discount if all of your buyers are able to refi out and pay you off in full. You already have the best seller financing program going if you can accomplish this most of the time!!!

Do a Google search for note buyers or sell mortgage note, notes, land contracts, trust deeds, and see who pops up in the first 5 pages. Research those companies and narrow down the list by who is most responsive and credible. Beware of empty promises here and make sure you ask how long they have been in business and how many transactions they close monthly.

I like to network with real estate and financial professionals that are in the business of creating notes using seller financing or holding notes for cash flow. Some professioanls also work with people and companies that are holding notes that could use your services. These folks will continue to do business with you if you do a good job for them the first time around. On the flipside they have no time to be a newbies research victim! Do an goo job and this turns into people seeking you out, looking to sell contracts they are holding, instead of you chasing a random, one time note holder seeing if they just might want to sell. Again, the the key to getting repeat business from professionals is to have a good game plan in place and to do a great job of getting them a great price on the sale and, the money quickly.

Take him to court and represent yourself because if the home is actually foreclosed on you are a sure winner. You may not get your money right away but you will get a judgement.