Posted by rjroybal on January 17, 2001 at 23:59:23:
I’ve run accross a note that a the owner wants to sell, get money out, what is a good start negotiating discount %. When she agrees to let me buy, how much can I sell it for to a buyer of paper, and where do I find a buyer. Background, the note is a seasoned note.
Pricing it is one step, actually processing it, closing it, and funding it are several other steps.
Property type, intital down payment, occupancy, what is known about the payors credit, employment, payment history to date, and the actual note repayment terms are all variable that will have to be taken into account to formulate a pricing that one can beleive in.
Feel free to contact me to discuss our level of interest and how we may help.
There will be some other parameters involved in moving contracts, but this matrix will put you in the ballpark, and get you pretty close to the front row