We Purchase Owner Financed Mortgage Notes
Private Mortgage Notes, or as they are sometimes known, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that result when a seller of a single family home, condo, multi-family residence or other residential or commercial building provides some degree of finance to the new buyer at the time of closing. Such private notes can represent the full amount of the mortgage on the sale (first position notes) or can be for a portion of the mortgage (second position notes) behind a traditional first mortgage lender. Historically, Private Mortgage Notes have been excellent investments but sometimes, holders do need to sell for a variety of reasons.
When selling your mortgage through JEM Coast Financial,
we can offer many flexible options to suit the needs of almost any note
seller including...
- Full Liquidation: We will purchase the entire balance of your note.
- Percentage Liquidation: We will purchase a percentage of your note's balance
- Partial: We will purchase a set number of future payments on your note
- Balloon Purchase: We will purchase a balloon payment due at a future date
- Any combination of the above
Attn: Real Estate Professionals and FSBO Sellers
In today's challenging real estate market and economy, Private Owner Financed Mortgage Notes are becoming more widely used and commonplace in real estate sales. As many realtors know, they can often provide the catalyst to get the deal done. Many sellers, however, would prefer not to hold mortgage paper for lengthy periods of time.
Before you structure your privately financed deal, think of your "exit strategy" in the event LUMP SUM CASH is later needed. Contact us regarding how to make your Private Owner Financed Mortgage Note attractive for resale at a later date if necessary.
