Problems in selling a real estate note in Texas?

selling a real estate note in TexasHave you encountered problems in selling a real estate note in Texas?  Then you are probably wondering how do professional note buyers overcome problems in selling a real estate note in Texas?

Let’s look at the types of problems that can occur in selling a real estate note in Texas. The first thing that Texas note buyers look at when establishing the value of a mortgage note  is the credit  history of the borrowers.

If the credit of the borrowers is weak,

we may look at only buying a portion of the note. And we would probably recommend that you work with your borrower with a credit repair agency to strengthen the credit. And if we just buy part of note, if your borrower makes his payments on time, we will buy more of the note.

The next thing we look at is… the property securing the real estate note. Generally, we will pay more for a single-family house that the owner/payer lives in then we will for any other type of mortgage note.

But what happens if the value of the property is less then what is owed on your real estate note?

Well in many cases, we will buy part of the note.   But we will also question if the value of the property as established by an appraisal is accurate… as we double check the appraisal.  And in certain cases,we will order a second appraisal to substantiate the property value.

But,  if you are selling a Texas real estate note with a balloon payment coming up in a short period of time,

So our question would be how is the borrower going to make the balloon payment when it is due? In many cases, we will restructure the mortgage note, pushing the balloon payment out further. Or we will buy the real estate note assuming the borrower just continues to make his normal payment until the note is paid off.

In all cases we will come up with solutions to serve both the borrower and the note holder.

So in conclusion, it it is most important that you deal with a Texas note buyer that you can trust… one that you know has your best interests at heart.  we would love to work with you to help solve your problem.

To get a fast and fair offer on you Texas real estate note, please fill out the form on this page.  Or you may call us at 772-232-2383 to learn more about selling a Texas real estate note.
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2 responses to “Problems in selling a real estate note in Texas?

  1. I’m selling a house note, located at 707 E Kennedy, Benavides TX 78341 the house has 3 bedrooms, 2 baths, SQ feet 1200, has a new Metal roof, brand new A/C , Has all fenced around, new painted, brand new Appliances,

    AllStates Insurance, payments up-to date, full price was $58,000 $5,000 down-payments, after 2 years and 3 months remaining balance is; $37,000 Interest rate 7.5 price I’m asking is $33,000 and the taxes will be paying at closing! I’m ready to heard a good offer! Ana Santacruz Phone: 469-643-0739

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