Monday
Jun252012

Seller financing is a local business. 

If you live in Alaska, you won't likely buy or sell via owner financing in New York! 

The owner finance business is local. Though a note can be sold like any other "salable" asset, the buying or selling of both realty and the seller carry back note isn't usually a national idea. Rather, a seller of property gives title to the realty in exchange for a cash down payment and an IOU, the buyer makes periodic payments until the note is paid off. 

If a seller who is recieving payments wishes to get a lump sum of cash, then he contacts a Note Buyer like McKinley Mortgage. Since each seller carry back note is different pricing varies as well. 

In today's market, whether selling property or selling a note, the highest chance of success occurs when you are working with others who have a local focus, that means if you are in Alaska, it's more likely another Alaskan will do business with you than someone in New York.

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    Response: weblink
    Very good page, Maintain the wonderful job. Thanks a ton.
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    trustdeed - Blog - Seller financing is a local business.

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