Selling Your Home for More by Creating a Mortgage Promisory Note

Released on = December 13, 2005, 12:12 pm

Press Release Author = Pro Systems LLC

Industry = Accounting

Press Release Summary = Selling a home can become faster and easier whare the seller
is willing to provide some or all of the financing. Futher the seller can quickly
convert the mortgage note to cash.

Press Release Body = The note business really began in the 1980 when interest rates
hit record high\'s. By creating a mortgage note or paper as it is often refereed to
was a way for a property seller to offer the buyer a lower than conventual rate,
allowing the buyer to be able to afford the property, and make lower payments.
Today with much lower rates and very liberal financing options available, this
method is not as utilized as in the past. However this is still a excellent way for
someone to be able to sell a property faster and even get higher than market price
for said property. Today even with the very liberal lending programs available,
many buyers prefer not to use such sources for a multitude of reasons and as a
result are willing to pay a higher premium for a property.

Eddie Speed, President of Colonial \'Funding Group recently stated \"As an old timer
in this business who\'s seen both the really good times, and yes the really bad
one\'s, too, I\'ve never been more excited about the note business than I am today.\"

Another recent development that makes the creation of a mortgage note a very
attractive vehicle, is the advent of the Real Estate investor. Investors typically
buy properties in foreclosure or sometimes at steep discounts, creating a natural
progression into the investor creating a note which can be (if done properly,
converted rapidly into cash.) This method can create a valuable resource for the
investor making it possible to move properties quite fast, and creating rapid cash
flow

To make this process work most effectively the following are a few suggestions that
should be followed.

1. work with a reputable broker, this step can prevent many headaches.
2. Have a professional create and record the note, this step alone will increase the
value of the note.
3. A must have is the buyer of the property\'s accurate credit score when selling a
note.
4. Don\'t be afraid to fully check out a buyer before creating a note the better the
buyer the better the note.

Notes come in many different types such as business, personal, Real Estate, as well
as others. You can get more information about the note business, by contacting.

Henry Marshall
Pro Systems LLC
934 E. Ellerby Ave.
Salt Lake City UT 84117
Phone 801-580-4829
Fax 801-288-1656
E-mail: mar44h@yahoo.com
Web site: http://www.cash4cashflows.com/prosystemsllc



Web Site = http://www.cash4cashflows.com/prosystemsllc

Contact Details = Henry Marshall

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