Where Do I Find Reputable 2nd Mortgage Note Buyers?
Just as there are for other real estate cash flow documents, there are 2nd mortgage note buyers who will pay you cash for a full or partial note. Although the terms and conditions might differ somewhat for this type of paper, you can definitely find a buyer that will offer a competitive rate. Selling notes are a popular way to get instant access to a large sum of money. If you come across an investment opportunity that you can’t pass up, or want to make a big purchase, it makes sense to unload a note you may be carrying. It is definitely quicker and easier than getting a loan from a bank or other credit institution. One of the other advantages is the decreased risk involved. Selling to a 2nd mortgage note buyer guarantees you a certain amount of money now, rather than having to wait for a check every month. You no longer have to assume the risk that the payor might default, or that something else might transpire in the time it takes for all of the payments to be made. You might be wond
