BiggerPockets

TValue is what most folks use. We look at the REAL equity and credit from a Note Buyers stand point. We also take the area, seasoning and investment to value and yield into consideration. The better the picture you can paint and substantiate the more you will get!!!!!!

Yes we work nationwide! We price notes based on yield, equity, seasoning and credit, in that order. Others do it differently. Our strategy is to buy, pool up, season and sell off higher using OPM. Again, others have a different approach. We work with trust deeds, land contracts, contracts for deed or mortgage notes depending on what state we are doing business in. Every state has its own quirks. What are you trying to accomplish and where are you located? I am sure I can help!

Teri,
Yes that is exactly how note brokers function! You would not have to even worry about any forms-we take care of all the paperwork and closing costs. All we expect our note brokers to do is get a copy of the actual note, sales agreement and enough information on the payer of the note so that credit can be pulled up front. From there we make a quote and expect the broker to negotiate the sale price with the seller and get back to us with what is agreed to. We then make up two agreements, one Fee Agreement w/the broker and a Purchase and Sale Agreement w/the seller. Once the agreements are in place we work directly with your seller to fund the transaction as quickly possible. You get paid when they do!

How can you get a note sold when you've got an excellent note for sell in terms of equity, high interest rate and large monthly payment, but the seller did a no credit check deal and now the payer although paying excellently for 2 years does not want a credit check?

Forgot to ask, how do i find the sellers? Can I look them up at the courthouse and if so what are they filed under?
Also what if the owner wants to sell but doesnt want to give copies to me not knowing if we will buy for sure?

Teri,
If an owner wants to sell they WILL provide you with everything needed for the investor to make an intelligent decision. If the seller won't caugh up the info needed then they simply are not a motivated seller. One lesson I have learned well over time is that you will never buy or broker a note when the seller is not motivated.
If you were holding a note for sale and NEEDED cash wouldn't you give potential buyers everything they might request in order to get the note sold and get the money?

Yes you can look through the property records at the courthouse and look for evidence of seller financing. I personally think this is the long slow way to go. You are better off working with real estate professionals that use seller financing every day in business. Other good sources or financial professionals and real estate lawyers that have clients holding notes. These sources will call you when they or their clients have a note to sell because they need to raise capital. All going to the courthouse will do is provide you with an address of a note holder, that might just possibly want to sell at the time you call. This is a longshot and a lot of work for a maybe.

Network with professionals that have clients holding notes. Show them how to free up capital for other investments and you will uncover more notes than you know how to handle.
Live!
Marc