Owner Financed Mortgage Notes
Private Mortgage Notes, or as they are sometimes known, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that are the result of a seller of a single family home, condominium, multi-family residence or other residential or commercial building providing some degree of finance to the new buyer of the dwelling at the time of closing. They can be for 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 periodically, holders do need to sell for a variety of reasons including…
Attn: Real Estate Professionals
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 and can often provide the catalyst to get the deal done. Many sellers would prefer not to hold mortgage paper for lengthy periods of time, however. Before you structure your deal, think of your “exit strategy” and contact us for a confidential analysis.