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Updated almost 11 years ago on . Most recent reply

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Eric Giovannucci
  • Investor
  • Boise, ID
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Finding A Note Buyer

Eric Giovannucci
  • Investor
  • Boise, ID
Posted

Hello All, 

I have successfully found a buyer for my owner financed home in El Paso, Texas. This was a great way to move the property quickly. However, I am considering selling the note as soon as we close, there is a very small gap between what I owe, and what I hold on the note. Therefor, I believe it would be in my best interest to sell the note. Where should I look to find someone to purchase this note from me? 

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Expect to take a pretty good discount, depending on if the loan was properly underwritten/executed, LTV, buyer's credit history, etc., especially without a 6-12 month payment history.

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