Tried notes forum. Negatives about notes? - Posted by jd orlando

Posted by Buck on July 22, 2002 at 12:24:02:

The worst thing that can happen is that you write a bad note and can’t sell it.

If you are trying to write a note to sell at closing, you need to contact the lender. He will pre-approve the note and you will know to the penney how much you will receive. Otherwise, you may have a note where the buyer of the paper only pays 50% or less, if at all.

Good luck

Buck

Tried notes forum. Negatives about notes? - Posted by jd orlando

Posted by jd orlando on July 22, 2002 at 11:58:18:

I would like some input on the negatives of notes. I would like to offer owner financing on my next prop. I’ve heard the good things, now I’m looking to hear worst case scenarios.

What can go wrong?

Thanks
JD