A Great Way To Sell A Note To A Mortgage Buyer
Many note holders trying to sell a note make the mistake of presenting an all or nothing scenario to a mortgage buyer. And while I certainly can understand that the allure of getting the biggest lump sum of cash, often it is in their best interest to only sell a portion of a note. Note buyers will price a deal where the current note holder still has some risk in the deal resulting in a much better deal for the note seller. So if you’re looking to sell private mortgage, you should at least ask for both a full and a partial note purchase quote. You just might find yourself with an interesting decision to make.