Real Estate notes are sometimes
taken back in creative financing arrangements where the seller
allows the buyer to pay back some or all of the equity over an
agreed upon term with a certain interest rates. The seller will
usually hold a mortgage lien or deed of trust as assurance for
payment. Notes are often good for both parties.
Some companies will buy back these
mortgages by discounting based upon the terms. In layman's
language, if you want your money now instead of waiting years, you
will only receive a portion of it.
Real Estate Note Purchasers:
Settlement is a nationwide buyer of structured settlements,
annuities and life insurance policies paying cash for periodic
payments. Submit a free quote today.