| Five Reasons of Why to Sell Your Note? 1. Unless you own several loans the collection of one loan payment may be insignificant. Most people can collect a loan for years and have nothing to show for it at the end of the collection term. "It's not what you make but what you keep that matters," is true relative to the collection of a note. Why not sell your note and invest in something that will produce long term tangible benefits. 2. For most of us a 15 to 30 year loan will far out live our ability to enjoy the money. Heirs will most likely inherit many of these long term loans in which case the payment may be split several ways making it even more insignificant. Disagreements between the heirs are also common when splitting up a monthly payment. Many note holders sell their loan to "clean up" their affairs for themselves and their heirs. 3. Current tax law does not allow the deduction of interest paid for personal goods such as credit cards, automobile, boat, etc.. while the interest income on your note is taxable. Many note holders prefer to sell the note and payoff personal debt on which they are paying a higher interest rate and getting no tax deduction. 4. Other investments may be available that will yield a higher after tax return with less risk. A note written at 9% will normally yield an after tax return in the 6% range. Tax free municipal bonds may deliver a return equal to or greater than your after tax return on your note, while having less risk and no effort of collection. Some note sellers invest in rental property due to the fact that the rental property never stops producing income. In most cases rental rates increase over the years as well as the property value increasing. The interest income on a note decreases over the years and eventually pays off completely. 5. Eliminate the risk of potential costly bankruptcy procedures, exposure due to non-payment of taxes or insurance, possible foreclosure expense and subsequent repair cost and the costs of resale. |
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Property Name
You can use this area to describe
the property for sale
You can use this area to describe
the property for sale
Property Name
You can use this area to describe
the property for sale
You can use this area to describe
the property for sale
| Mortgage Note Purchases |
Property Listing
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