The Market Value Of A Private note

I. Every note is a unique investment and therefore has a unique market value.

II. There are a number of important factors that simultaneously determine the market value of a private note note. Those factors are:

  1. The type of property secured by the note.
  2. The value of the property secured by the note.
  3. The current balance of the note.
  4. The interest rate on the note.
  5. The size of the monthly payments.
  6. The number of payments made.
  7. The number of payments remaining.
  8. The Borrower’s credit history.
  9. Your experience receiving payments.
  10. The current level of interest rates.

III. note holders can take pro-active steps to protect the market value of their investment.

IV. The market value of a private note will be less than the outstanding principal balance remaining on it.

V. When interest rates rise, the market value of a private note falls.

VI. When interest rates fall, the market value of a private note rises.

VII. The market value of a private note will increase over time as the owner builds equity in the property and establishes a timely record of making payments.

 

Selling A Private note

I. Almost every note can be sold.

II. There are a number of companies that purchase private notes. Together, we create a very active and competitive market.

III. note holders have a number of different sale alternatives available to them; each can be designed to help meet a specific goal they would like to achieve. For example, The Mortgage Buyer, Inc. offers customizable options.

IV. Providing as much information as possible about your note will help you receive the highest possible purchase price for it.

V. At The Mortgage Buyer, Inc., we pay for all of the expenses necessary to complete the purchase of a private note.

  1. The value of the property must be established by completing a drive-by appraisal.
  2. A policy of title insurance must be purchased on the mortgage.
  3. The outstanding balance of the note must be verified with the Borrower.

Questions? Feel free to contact The Mortgage Buyer, Inc. weekdays from 9:00 AM to 5:00 PM EST toll free at (800) 618-2485 or email us.

The Mortgage Buyer, Inc • PO Box 100 • Hillsdale, NY 12529 • 1-800-618-2485 • email: John@TheMortgageBuyer.com