How Do You Buy & Sell Mortgage Notes?
A mortgage note can be bought or sold by a private individual. When you, as a private party, buy mortgage notes, you essentially become the lender on the mortgage. Whether you buy or sell mortgage notes, the mortgage note is a type of investment that allows you to earn a rate of return on your investment. The most common way to buy and sell mortgage notes is through a mortgage note broker–an individual licensed for the state where you are buying and selling notes–but you also may do this through a note broker company. Contact a note or mortgage broker. Look in your local phone book or search online for note brokers and mortgage brokers that do business in the geographic area where you’re interested in investing in mortgages. Call the broker and let them know how much money you are looking to invest. The note or mortgage broker acts as a matchmaker between you as the investor and private parties or banks that are looking to sell mortgage notes. Discuss the terms of the note. Once the
