Financing carried back by the seller to facilitate the sale of a business often occurs because: Buyer or business couldn’t qualify for conventional or SBA financing. Buyer and/or seller did not want to take the time required for SBA financing. … Read More
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Seller Carryback Financing
A. Seller carryback financing is not in competition with conventional financing. It is an alternative or a complement to conventional financing. The National Association of Realtors states that advertising “owner will carry for qualified buyers” increases the potential marketplace for … Read More
Helpful Hints for Note Holder
Do not let the Borrower get into the habit of making payments later than the due date or grace period. Be polite but insist on promptness. It is a good idea to notify the Borrower by letter at least 6 … Read More
Ten Scams of Note Investors
NO SECURITY. You thought it was secured, but you find out it was not. Buy title insurance or insist that existing title insurance be assigned. DEFECTIVE MORTGAGE. The husband and wife owned the property, but only the husband signed the mortgage. Solution: … Read More
Security Tips to Protect Your Identity
When ordering personal checks, have your first initials and last name put on the checks. Use your work phone number on your checks. Use a P.O.Box number or your work address on your checks. NEVER have your Social Security number … Read More
Wealth Secrets
Work positive. There are no money problems. There are only attitude problems. A go-getter with the proper attitude cannot be denied. Face your fear. You always find the best fishing holes in the place where the average fisherman is afraid to go. … Read More
Trust Deed Tips for Professionals
Want to be a hero to your clients who carry back owner financing? We suggest that you consider negotiating the following items into the transaction at the time the property is sold. Amortized monthly payments on the note Market interest … Read More
The Rule of 72
The Rule of 72 is a handy formula to know. You can use it to answer either of two questions: At a given interest rate, how long will it take money to double? For a given time period, what interest … Read More
Recommended Web Sites
CBMC Crown Financial Ministries Federal Citizen Information Center Homes & Land MapQuest MarketingTips.com Rotary International TravelZoo.com VitalCheck Network, Inc. Yahoo! Finance