Private Note Holders
Lists
Our Private Note Holders lists let you reach out to individuals holding notes secured by real property.
A small investment in your Cash Flow Business can bring you thousands of dollars in profits!
Our Private Note Holders lists let you reach out to individuals holding notes secured by real property. This lists lets you reach out to prospects who may be willing to sell you their notes.
You may select all Private Note Holders or select out either the Seller Carry Backs or Non-Seller Carry Backs. In a Seller Carry Back situation, the seller is also holding the note on the property. A Non-Seller Carry Back loan is still made by a private individual, but this person (most likely a relative or friend) was not the original seller – but is still holding the note. You never know when they may be ready to sell their notes, that’s why it’s important to mail to them on a continuous basis.
Options when buying notes:
Most of the customers you will encounter will probably want a full purchase buy-out. A full purchase buy-out is when a seller of a mortgage asset sells the entire note, receives the most money possible up-front (determined by the characteristics of the asset), and then has no further risk or servicing responsibility whatsoever. This then leaves the seller to move on with their financial goals.
Other prospects may want a Partial Purchase Option. A partial purchase option is the purchase of a portion of the note with regards to the payment stream or possibly the balloon payment (if any). For instance, Amerinote Xchange can purchase 2 years, 3 years or even 15 years of payments on the asset for sale. Once you collect the agreed amount of payments, the remaining balance, principal and interest revert back to the original seller. While sellers would receive a smaller amount of money up-front, they would receive much more money over the life of the loan due to the interest collected.
There is another option, called a Reverse Partial Buy-Out. A reverse partial buy-out is the purchase of a portion of a note, although the investor does not start collecting until a later date. For instance, a seller will receive a lump sum of cash at the closing of the sale and then continue to collect payments on said asset for a set amount of time. This will allow the seller to benefit from the interest received on the payments, as well as the lump sum they received previously at the closing of the transaction. At an agreed-upon future date, the investor will then start collecting on the payments typically through to maturity.
Creating your Lead List
You can select by note amount, note date, lender type, lender location and property location.
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