Need referral for a note sale. - Posted by Mark..NJ

Posted by DanM(OR) on May 11, 2000 at 17:02:34:

get a hold of me and I can give you the recap on how I do deals similiar to this. Looks like you could clear a few thousand $$$ after closing costs.

Best of luck to you!

Dan Matejsek

djm @bendnet.com

541-419-4880

Need referral for a note sale. - Posted by Mark…NJ

Posted by Mark…NJ on May 08, 2000 at 17:12:55:

Hello , can someone suggest a reputable company that will buy a note I’m creating on a single family house? I would like to do this as a simultaneous deal. The arv is 103,000 with a 85,000 first. So ,I’m selling for its full appraised value (which was recently appraised). The sellers are behind in payments, so they are willing to let me take over , make up the payments, and take over the loan. they could care less about money.(go figure) Anyway I have a buyer lined up who has 10% down , with a credit score of 630. Any suggestions?

Re: Need referral for a note sale. - Posted by NJDave

Posted by NJDave on May 08, 2000 at 18:17:03:

Mark, I would consider the purchase of your mortgage and mortgage notes if they do not exceed 65% LTV.

Re: Need referral for a note sale. - Posted by Mark…Nj

Posted by Mark…Nj on May 08, 2000 at 18:52:55:

Thanks for your reply Dave. Sorry, But the underlying $85,000 would need to be paid off.