Jul 16 2008

Is It Time to Cash Out Your Real Estate Notes?

Published by TCF at 9:37 am under Real Estate Notes

Is It Time To Cash Out Your Real Estate Notes?

Once upon a time, seller financed real estate notes, mortgage notes and trust deeds (deed of trust) were considered some of the safest, lowest risk, most secure income producing assets you could get your hands on. And until very recently, mortgage backed securities were a Wall Street mainstay; safe and secure.

Everything has changed. Now seller financed real estate notes and mortgage notes are perceived as risky by many note holders because the combination of the subprime mortgage crisis, a stagnant real estate market in most states, plummeting property values and rising unemployment are working together to make their future payments much less certain. People get nervous when the prospect of foreclosure goes up or they think they can’t sell mortgage note payments any longer – and rightfully so.

And that’s not all. To add insult to injury, none of the major real estate note investors who used to buy private mortgages and package them into mortgage backed securities for sale to Wall Street will touch them anymore. With the largest loan servicing companies like Countrywide, Fannie Mae, Freddie Mac and IndyMac all in serious financial trouble, holding a private mortgage note is suddenly viewed as a much riskier proposition. But it doesn’t have to be that way.

Is There Any GOOD NEWS? YES! Seller financing always has been and STILL IS an excellent way to generate qualified buyer interest and sell a home or property quickly – ESPECIALLY in slow markets or now that mortgage lenders have tightened their lending requirements and made it more difficult or impossible for people to qualify.

By following some simple, common sense guidelines, people can sell their home or other real estate properties with owner financing, often for full asking price and rest assured that they can sell real estate note payments or the entire note and they won’t get “stuck” holding a private mortgage note or deed of trust they don’t want.

This is where private real estate note investors and private mortgage investors like TriMark Capital Funding, Inc. can help. We buy owner financed real estate notes, mortgage notes, trust deeds and land contracts in all 50 states. We flexible, so we can buy all or just a portion of your future note payments, we pay all closing costs and we can normally close and fund within about 10 business days.

Is There Any More Good News? YES! TCF is owned by Private Real Estate Note Investors & Private Mortgage Investors. That means we buy & hold; we don’t package & sell to Wall Street so we’re STILL buying and STILL paying TOP DOLLAR for good quality private mortgages, trust deeds and real estate notes!

It’s a Good Time to Cash Out Real Estate Notes

Given the choice, it’s no wonder millions of Americans who are currently receiving payments from privately held real estate notes feel like the clock is ticking and have begun converting their notes into cash now, before the market declines further and especially before their payments stop or there is a problem that causes their note to lose even more value. If history has taught us anything, it’s that “he who hesitates loses his shirt”.