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Private Mortgage Notes, or as they are sometimes referred to, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that are the result of a seller of a single family home, condominium, multi-family residence or other residential or commercial building providing some degree of finance to the new buyer of the dwelling at the time of closing. They can be for the full amount of the mortgage on the sale (first position notes) or can be for a portion of the mortgage (second position notes) behind a traditional first mortgage FHA, VA, or Conventional lender.
Historically, Private Mortgage Notes have been excellent investments, but in today's difficult economy, holders of such notes may suddenly find the need to sell their notes to...
At GARCIA N' ASSOCIATES LLC, we purchase many types of mortgage notes including those collateralized by a...
In today's challenging real estate market and economy, Private Owner Financed Mortgage Notes are becoming more widely used and commonplace in real estate sales and can often provide the catalyst to get the deal done. Many sellers, however, would prefer not to hold mortgage paper for lengthy periods of time. Before you structure your deal, think of your "exit strategy". Contact us and learn how to structure Private Owner Financed Mortgage Note and make them attractive for resale at a later date if necessary. You can learn more about the latest mortgage note selling options by requesting a free copy of our FREE "Powerful Partials" report.
Is now the right time to sell your private owner financed real estate or business promissory note or similar contractual obligation? One of the best ways to make that decision is to request a FREE, no-obligation conditional quotation from our courteous contract buyers and underwriters. We can typically provide you with a "top dollar" quote or proposal in just 48 hours.
To get the quote process started, just select the FREE QUOTE button below. You'll be glad you did!