I listed a note on ANN 2 weeks ago. I coudln’t even count the number of GREAT offers I received. My deal did not go through, because the buyer of the property backed out. However, I have made incredible contacts with note buyers. I will sell a note ! And I will use ANN again.
Has anyone done busness with this company? I’m getting started doing Lonnie deals and if (ANN) does what they say they do than they would be a great way to sell some MH notes. Thanks for any responses.
I buy tax sale properties, rehab if necessary, and list the owner financing that I hold on America’s Note Network. Last note I listed, I had a good offer in 3 hours. Any other questions?
ANN gets a lot of press and undoubtedly helps many people. The question is are they the best source to maximize your return. Or are you going to get a lot people that want to make a profit themselves by brokering the note. Going direct to “institutional” buyers may get you more money and a higher probability of quick and sure funding.
ANN is awesome! I posted a note there (seller carry-back mortgage) and within 24 hours got about 15 offers. The phone was ringing off the hook! Ultimately, I sold the property without having to take back financing but there is no doubt i would have sold this note within a day or two. Also, posting a note for sale is free! Ben
so you also could call them as well as post the note for sale in their listing area.
Here’s the address:
The buyer list is sorted by state. When I clicked on California, I found 2 sources, one of which states they can close in 3-5 days, located within an hour travel time of my area. (Not necessarily needed; can be done via Fed Ex and/or fax machine.) That was the FIRST 2 sources on the list . . .
The noteworthy site has their direct connect software. At their product site you used to be able to test it on line. I just looked at Institutional Buyers
but the link did not work. From either the Papersource or Noteworthy newsletters you can find the buyers. Many of them due puruse the ANN and similiar sites. If you become familiar with the rates of a few of them you will know much better what your note should bring.