Note Buyers USA

What Is A Real Estate Note?

Author: Craig Meriwether

What Is A Real Estate Note?

If you have owner financed the sale of your home you\'ve created a contract which states the purchase price, length of loan, interest and other terms of the agreement. Also called a Deed, Deed of Trust, Mortgage Loan, Mortgage Note, Real Estate Note, Paper, Seller Carry Back Note, Promissory Note or IOU. Often used interchangeable but not always the same.

Whenever any person, partnership, trust, corporation or any other entity becomes a lender on a piece of real property, a promissory note is created. You became a lender when you sold your real estate and carried back a note.  Read more...

You don't have to wait years for your money!

Star Note Buyers, USA, will give you access to the amount owed to you - fast, easy & no hassle closings.

Anywhere in the USA

Star Note Buyers, USA turns payments into Cash for:

Mortgages $ Deed of Trusts / Trust Deeds $ Contracts
Single Notes $ Portfolio Packages $ Seasoned or New
Performing and Non-Performing

How to Find a Mortgage Note Buyer and Sell a Mortgage

If you sold real estate and accepted a mortgage or land contract for it, you can sell the mortgage to a mortgage buyer and receive cash now in a lump sum, rather than waiting for monthly payments. Mortgage buyers purchase regular or balloon mortgages. You can even sell just a part of your mortgage for cash now and continue collecting payments later. Mortgages notes or land contracts for houses, land, commercial or industrial property, condos or any kind of real estate can be sold.

If you sell all of your mortgage note to a buyer, the buyer pays you a lump sum and assumes all the future risk of receiving monthly payments, so you no longer need to worry about not collecting, bankruptcy or foreclosure on the part of the person paying you.

With a partial sale, you can receive a lump sum in exchange for some of the payments, but continue to collect payments later.  Read more...

All that glitters is not gold

In their early years, ARMs were selected by marginal borrowers when interest on fixed-rate loans started climbing. “Well,” the loan rep tells the disappointed homebuyer, “I can’t get you qualified at 9.5 percent for that 30-year fixed-rate loan, but here’s what we can do. We can qualify you at 8.0 percent for the ARM. And what’s great is that when interest rates come back down, you can convert this ARM into a fixed-rate 30-year loan.”

At What Cost and Rate?
Have you found that elusive free lunch? Probably not. On occasion, the convertible option pays off. More often, its chrome dazzles more than its horsepower. Few borrowers ever exercise their option to convert. Here’s why:

- Higher interest rate. Most borrowers think they can convert at the market rate.  Read more...