Posted by Tim (Atlanta) on November 21, 2000 at 06:32:38:
Go to www.notenetwork.com. You can list your note for free, and there are tons of buyers out there. But beware, a second mortgage has a very small market value, depending on the FMV of the property and the balance of the first note. You could be looking at a sizable discount.
Always a real pleasure to have a CCIM participating!
As Tim mentioned, America’s Note Network is the premier private paper secondary market network. And, you may find it particularly helpful for your purposes to fully explore our FREE Note Grading/Pricing Guidelines for the private paper marketplace, at:
Hope this helps, and best of luck on your note deal!
David P. Butler VP Broker Relations
America’s Note Network