Proficient buys privately-held (also called seller-financed) real estate notes in all 50 states. Depending on the state, this ‘paper’ may come in the form of a Note & Deed of Trust, a Note & Mortgage, or a Contract for Deed. Certain states have other names for the documents, but they essentially fall into one of these three categories.
The collateral securing the notes may be on any of the following property types:
RESIDENTIAL NOTES
- Single-family residences
- 2-4 family residences
- Multi-family residences (apartment buildings with five or more units)
- Condominiums
- Townhouses
COMMERCIAL NOTES
- Mixed-use properties (buildings with a residential and commercial component)
- Retail properties (strip malls, single-tenant shops)
- Office buildings
- Office condominiums
- Other (If the commercial property type is not listed here, contact us)
LAND NOTES
- Improved residential lots (utilities, sewer/septic, roads, etc.)
- Unimproved residential lots
- Improved and unimproved commercial land
- Recreational land
- Agricultural land
PARTIAL PURCHASE NOTES
Do you have a need for a set amount of cash? We can provide an option to purchase just part of your seller-financed note, leaving you a future stream of payments once our entitlement has been satisfied. This is called a partial purchase, and it’s another option to consider, especially in declining real estate markets where the property you sold may be worth less today than it was on the sales date.
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May 12, 2008
New and NoteWorthy
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.
May 12, 2008
5 new rules for home sellers
Whether you're buying or selling, the real estate game has changed. To win, you've got to learn a new playbook.
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