How to Create Your Own Mortgage--and Sell It - Posted by J.P. Vaughan

Posted by J.P. Vaughan on May 17, 1999 at 12:40:30:

They just put up that page especially for RE investors.
I have a call in to them to tell them about the missing
info. Go to their main page: www.americannote.com

JP

How to Create Your Own Mortgage–and Sell It - Posted by J.P. Vaughan

Posted by J.P. Vaughan on May 17, 1999 at 10:44:26:

Over the past 3 1/2 years, the one article that seems to
have generated the most questions and controversy is my
article titled, “How To Create Your Own Mortgage.”

Although Terry and I have done this many times, I’ve been told
repeatedly that it can’t be done, or that it is illegal, or
that so-and-so absolutely cannot find a buyer for the
"unseasoned" note, and on and on.

We have just put up a banner for a company called “American
Note.” That’s EXACTLY what they do–they buy brand new,
newly created, unseasoned notes right out of escrow. The
money they pay for your newly created note FUNDS
your purchase and resale.

A dynamic and rather brilliant lady named Judy Miller owns
American Note, and they are PRICIPALS, not brokers. So you
can say “goodbye” to the broker upon broker upon broker and
the wannabe brokers who can never really fund your deal.

JP Vaughan

American Note - You’ll be impressed. - Posted by John Behle

Posted by John Behle on May 17, 1999 at 14:29:38:

Just wanted to put in my two cents about American Note. They are knowledgeable, creative deal makers. The background and experience represented there is impressive. I know the principles of the company personally and can attest to at least some of their training. I met each of them when they attended my 5 day training. Some were already in the business and others were brand new. They’ve all proven themselves to be agressive, creative dynamos in this business.

I’m glad to see them available here as a resource. It’s easier than me posting their website and numbers every couple weeks.

one weird thing - Posted by karp

Posted by karp on May 17, 1999 at 12:36:13:

I just clicked to see if I could send them some business…no phone numbers! The only way was to express an interest in the note business and fill out a form.

Color me stupid, but how do I sell them a note?

Thanks,

karp

FANTASTIC - Posted by karp

Posted by karp on May 17, 1999 at 12:28:08:

This is great!

For the newbies, let’s make sure we differentiate between a note broker and mortgage broker in the context of JP’s post.

JP is expressing the frustration that many of us have when a NOTE BROKER wannabe (who has just completed an expensive course) strings us along while never really able to purchase the paper we have.

Whereas Mortgage Brokers certainly have their place in this game as well. AT least that is what Eddie Garcia keeps telling me…lol

Thanks,

karp

Re: one weird thing - Posted by hkCA

Posted by hkCA on May 17, 1999 at 13:01:56:

Karp,

American Note’s toll-free number is 877-261-8665.
Their fax # is 970-224-3950.

Hope this helps,

hkCA