The New Mortgage Banks

2009 May 8

Very little of this is covered by the media but home sellers are becoming the mortgage lender by default. So many buyers are being turned down that in order for home sellers to sell their home, they have to offer owner financing. As usual, individual Americans are having to come to their own rescue despite all the government bs. The good news is they at least can sell their mortgage note to a note buyer for cash. Sad case for this housing market. Another place to convert a private mortgage is at sell my note, a national mortgage note buyer.

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