Posted by PBoone on March 05, 2000 at 16:44:57:
From your information it sounds like a second position or worse “no/low money down sale” note. Right? ok here are a few ideas.
Go to the borrower and offer the note at a discount. or trade the note to someone who has something of more value than what you are getting offered. or look for another property and use the note at full face value as the down payment. or adinfinitum
Pat
Selling a note(what is the most profitable aproach - Posted by Gary R. Grierson
Posted by Gary R. Grierson on March 05, 2000 at 14:07:32:
I have a note for sale, and have recieved some offers. However; the offers I have recieved are not what I would consider acceptable(to low). I think a seasoned note for 8,200.00 at 10% for 30 yrs is worth more than a couple of thousand, but I could be wrong. Im looking for information as to the most profitable way to sell this note. All input on this subject would be educational for me, as well as grately appriciated.
Thanks Gary
Move this question to Cash Flow Forum! - Posted by Terry Vaughan
Posted by Terry Vaughan on March 05, 2000 at 20:15:06:
Gary:
This question would be better posted on the Cash Flow Forum: