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Archive of Alan Noblitt

Alan Noblitt is a nationwide note buyer and a licensed real estate broker in California. His business, Seascape Capital Inc., started in 2002.

Alan has written 30 articles for The BiggerPockets Blog.


Real Estate Investing

Protecting Your Mortgage Note

by Alan Noblitt November 11, 2011
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With home prices continuing to drop, these remain challenging times for real estate investors and mortgage note buyers.  You can make good money if you pay attention and know what you’re doing, but will lose your shirt if you’re not careful.  The National Association of Realtors reported that third quarter numbers were again dismal.  Median […]

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Real Estate News & Commentary

Real Estate To 2016 and Beyond

by Alan Noblitt November 4, 2011
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A bit of good news this week: * The Wall St. Journal (11/3/2011) reported that “the nation’s seasonally adjusted home-ownership rate stood at 66.1% in the third quarter, up slightly from 66% in the prior quarter” and “suggesting a three-year decline in home ownership may be starting to bottom out.” * Consumer bankruptcy filings fell […]

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Real Estate News & Commentary

Real Estate in 2016

by Alan Noblitt October 28, 2011

Real estate investors, like mortgage note buyers, need to have a clear understanding of not only their own investments but also of the broader real estate and economic world.  Your decision on whether to put up your own money would vary widely based on differing assumptions of property values declining 20% over the next five […]

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Real Estate Investing

Finding Equity in Mortgage Notes

by Alan Noblitt October 21, 2011
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My experience with most real estate investment gurus has been less than favorable, for reasons that I won’t go into here.  There are a few exceptions, one of whom is here in Southern California and who I deeply respect for his intelligence and integrity.  My interactions with him have all been so positive that I […]

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Real Estate Investing

Real Estate Notes: Buying, Selling, Discounts, Partial Notes and More

by Alan Noblitt October 14, 2011

In last week’s blog, I covered some of the main elements of creating and potentially selling a real estate note.  In this segment, we’ll go over six other key areas that you should be aware of, particularly if you are considering owner financing. 1. When I called an investor about selling my note, he had […]

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Real Estate Investing

Top 7 Answers About Real Estate Notes

by Alan Noblitt October 7, 2011
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The economies of the U.S. and other developed countries continue to stumble, the stock market is trending downward and threatening to completely tank, and most literate citizens are slowly waking up to the fact that the governments that created this mess are only making it worse.  The banks, seeing all of this happen and having […]

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Real Estate Investing

Mortgage Notes and Too Big to Fail Banks

by Alan Noblitt September 30, 2011
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Mortgage notes and the owner financing market have a relative purity that is difficult to match in the rest of the lending world.  A mortgage note (a.k.a. real estate note or deed of trust note) is an arms-length transaction in which a party sells his or her property to a willing buyer on terms to […]

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Real Estate Investing

The Advantages & Disadvantages of Buying Mortgage Notes

by Alan Noblitt September 24, 2011

Real estate just can’t seem to catch a break.  Every time that a nugget of good news about property values or sales appears, it seems to be offset with dismal news about some other part of real estate.  One analyst predicted that ten million mortgages will default (1 in 5) if Congress doesn’t take action.  […]

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Real Estate News & Commentary

How a Broken Education System Affects Real Estate

by Alan Noblitt September 17, 2011

Economic Highlights of the Past Week  Real Estate *22.5% of all U.S. homes (nearly 11 million properties) are still underwater, down from 24% a year ago.  Nevada at 60% and Arizona at 49% are the “leaders” (9/13/11 Housing Wire) * FHFA, regulator of Fannie Mae and Freddie Mac, is considering whether to allow refinancing in excess […]

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Real Estate News & Commentary

Selling Oklahoma

by Alan Noblitt September 10, 2011

Economic Highlights of the Past Week Real Estate * Federal government considering  using Fannie and Freddie to refinance loans in order to  lower mortgage payments * 30-year fixed rate mortgage average down to 4.12%, the lowest since Freddie Mac started tracking this in 1971.  The 15-year fixed rate came in at 3.3% — also a […]

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Real Estate News & Commentary

The Golden Year & Economic Highlights from the Past Week

by Alan Noblitt September 2, 2011

Real Estate * The average price of a home is down almost 6% from a year ago, though up by 3.6% in the second quarter, according to Case Shiller  (August 30 Housing Wire) * The Congressional Budget Office (CBO) estimates that Fannie and Freddie will cost taxpayers another $51 billion between 2012 and 2021 — […]

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Real Estate News & Commentary

Lost in Never-Ending Space

by Alan Noblitt August 19, 2011

Rarely do I come across something intelligent from any government leader associated with a monetary or economic entity.  Below, I note not just one but two brilliant pieces with which I fully agree. The first was a speech by a region president of the Fed – of all places.  As many of us who stay […]

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Real Estate

The U.S. Credit Rating – Slip Sliding Away …

by Alan Noblitt August 11, 2011

Western economies have experienced more problems and received more attention since the beginning of 2011 than at just about any time in history (excluding world wars).  The debts of Greece and Ireland came to the forefront months ago, and Spain, Italy, and other European countries are now big news.  The European Central Bank has tried […]

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Real Estate News & Commentary

Fixing the USS USA Before It Sinks

by Alan Noblitt August 6, 2011

Even the most optimistic economist or politician would have trouble putting a happy face on the U.S. economy.  As I write this, the stock market was down over 500 points earlier this week, its biggest drop in percentage terms in 2.5 years.  Although this is obviously bad news for stock investors, it is a correction […]

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Real Estate News & Commentary

A Bumpy Road Ahead for Real Estate

by Alan Noblitt July 21, 2011

Despite all that has happened over the past four years, many real estate “experts”, economists, and politicians continue to believe that property values will soon start climbing.  My opinion is that the opposite will happen — a slow decline over several years with occasional steeper drops.  Very few markets will avoid this direct hit. Why […]

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