Mortgage Note Buyers Blog - Proficient Note Buyers

As the recently appointed editor of the NoteWorthy newsletter, I figure it's time for some cross-pollination for anyone involved in the real estate industry.

If you agreed to finance the purchase of your property with the hopes of being paid off when the buyer could refinance, you may be holding your note a lot longer than you first anticipated.

Although seller financing isn't mainstream (yet), it's becoming much more viable as homeowners struggle to sell their properties.

Partial purchase options are beneficial to all involved, and can be an effective and attractive alternative to selling your entire note.

Selling your property to a family member or friend doesn't mean you have to take it in the shorts.

The property you sold had new carpet and linoleum, fresh paint, and new central heating and air. Are your buyers showing pride of ownership or treating it like a Fort Lauderdale hotel room during Spring Break?

Your borrowers have fallen on hard times and are looking to take advantage of your kindness until they can "get back on their feet." No problem - you're a nice person...but will your kindness take a bite out of your backside?

Precipitated by the subprime mortgage mess, major Wall Street firms are starting to fall. Let's take a look at one of the biggest contributing factors...credit.

*Due to the high number of positive responses to this blog, we have decided to keep the content posted for another week.* Congratulations. You sold your property. You're better off than a whole lot of people right now. Now you are struggling with selling your real estate note at a discount. The first step is to realize you're not necessarily selling at a loss.

I hear it every day - noteholders who are convinced the property they sold in the last two years has increased in value since the sale. Not to burst any bubbles, but the statistics aren't in their favor.

Many see the Federal Reserve's interest rate cuts as a Band-Aid for the ailing mortgage and real estate markets. Trouble is, it's going to take a tourniquet to stop the bleeding.

"Life is what happens while you're busy making other plans." The first time I heard that was as a senior in high school. It didn't even make sense to me then - you know, back when I was bulletproof. My, how times have changed.

Writing a blog once a week doesn't sound that hard. Throw out a few musings, complain about the worsening economy, and wait for next Monday to roll around with more of the same. This week, I'm pledging to search for the bright side, since dwelling on the negative simply isn't my nature.

If you're a 'market-watcher' like me, you can understand the comparison of a big sell-off to a traffic accident: You know it's going to be bad, but you just can't help sneaking a peek when your eyes should be on the road ahead.

What happens when the media convinces us a recession is inevitable? Do we pull back on our spending in anticipation, or does our lack of spending contribute to the cause?

Don't depend on NBC or USA Today for your daily dose of happiness. Chances are you won't have to look farther than the other people in your household.

The lights have been taken down, the tree has been dumped unceremoniously with the other trash at the curb, and all the presents have been opened. Now it's back to reality for most of us.

2007 was a rough year for the real estate and mortgage markets...many expect the trends to continue in 2008.

Selling your note may not make your Top 10 list of things to do this month, but it's not too early to think about next year.

It sounds so exciting; like watching C-SPAN or attending a city council meeting. But maybe, just maybe, you'll find some insight amongst all the ramblings.

A story on CNN's website today paints a grim picture of how far overboard some Americans went when it came to their home equity positions.

Bing Crosby was dreaming of a white Christmas, but many find themselves in the red after the holidays.

If you allow the media to dictate your mood each day, chances are you haven't been a real happy camper lately.

Noteholders often ask me why they should sell their note. They are happy collecting a payment every month, they have few issues with the borrower, and it's nice to have that little extra showing up in the mailbox each month. I will almost always agree that it's a good investment for them, but is it the BEST investment for them?

"Thank goodness the real estate market doesn’t affect me", you think to yourself…or does it??? Some people play music for a living. Others fix cars or build computers. I make my living in the privately-held real estate note business…it’s what I do.

Welcome to my very first blog entry…ever. I have two things I hope to achieve through this medium. First, I want it to be informative to you, the reader. Second, I intend to make you smile, maybe even laugh a little, while you're reading it.