SELL A MORTGAGE OR BUSINESS NOTE TO A DIRECT NOTE BUYER

The start of the private mortgage note industry  — and thus the secondary industry of mortgage note buyers — begins with the birth of the modern American mortgage.The mortgage as we know it, with the standard 20 percent down and payments spanning 15 to 30 years, has only been around since the 1930s. Before then, people would put 50 percent down on a property and be required to pay the loan back in five years. Then President Franklin Roosevelt passed legislation in the 1930s nicknamed the New Deal, which, among other things, established the Federal Housing Administration. That new agency, the FHA, created what’s now considered the industry standard 30-year mortgage.

Private mortgages have popular to keep resources in a family or community. If one relative has a piece of property, he or she can sell it to a family member. That family member pays the private mortgage to the relative, who gets the benefit of the interest on the loan, instead of that money going to a bank.
The same process worked for commercial properties. If a farmer wanted to sell an adjacent field to his neighbor, he could with a trust deed, all while earning a moderate interest.
At first, only individual investors purchased mortgage notes. But as private mortgages increased, so did the number of investors. With real estate having a reputation as a safe investment, and mortgage notes and deeds in trust being collateralized by real estate, more and more investors realized it was a good business opportunity. Just as people turned to private mortgages for different reasons, they turned to note buyers for several reasons.
Selling a mortgage note is a serious financial matter that a note owner should enter into with a reputable buying company. At notesbuyers.com, we connect you to an experienced professional, with decades of experience purchasing mortgage notes, business notes and deeds of trust. Our partner takes a “look-at-everything approach” and has offered quotes to unique notes of all shapes and sizes. You also get a dedicated sales representative for the entire process.


For more detail visit: http://www.notesbuyers.com/

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