Buying and Selling Real Estate Notes During the Credit Crunch
used to be a given that real estate was one of the safest investments
but in 2008, everyone discovered that this wasn't exactly true. The
pity is that most homeowners and landowners were not at fault. The
blame rests on complex financial instruments that mixed good mortgages
with bad ones: the so-called subprime loans..
Individual Situations, Not Cookie-Cutter Assessments:
: Thanks to their own mistakes, banks are making it increasingly
difficult to qualify for mortgages. They set the criteria through
institutional policies, and those don't always make sense in individual
cases. That's making real estate prices fall even though there are
still plenty of Americans who want to own a home.
If you go with a seller-held note, you control the time frame and the asking price absolutely. It’s a significant responsibility but if you’re willing to do it there’s no shortage of professionals able to advise you. But there’s an even more important consideration: You can change your mind and sell your note. Browse American Funding’s Information on Selling Your Note to get a handle on your options. We can convert your note into cash to help you deal with emergencies, or simply to make life more convenient when you decide you’re no longer interested in managing your note. Fill out our Real Estate Note Quote for to get a preliminary idea of what we can offer.
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