Tips On Dealing With A Private Mortgage Buyer

2009 July 5

Many note sellers don’t know where to begin when they contact a private mortgage buyer. Here are a few tips to make this process easier and quicker. 1. Have all your note documents in front of you when you call a mortgage buyer, 2. Be sure and explain what your goals are so the private mortgage note buyer will structure their quote so it accomplishes your goals, and 3. Be honest in your estimation of the value of the property, credit of the mortgagor, and timeliness of payments received as all this will effect the price for the note and will be discovered in the underwriting process with the note buyer.

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