Selling Your Home for More by Creating a Mortgage Promisory Note

The note business really began in the 1980 when interest rates hit record high's. By creating a mortgage note or paper as it is often refereed to was a way for a property seller to offer the buyer a lower than conventual rate, allowing the buyer to be able to afford the property, and make lower payments. Today with much lower rates and very liberal financing options available, this method is not as utilized as in the past. However this is still a excellent way for someone to be able to sell a property faster and even get higher than market price for said property. Today even with the very liberal lending programs available, many buyers prefer not to use such sources for a multitude of reasons and as a result are willing to pay a higher premium for a property.

Eddie Speed, President of Colonial 'Funding Group recently stated "As an old timer in this business who's seen both the really good times, and yes the really bad one's, too, I've never been more excited about the note business than I am today."

Another recent development that makes the creation of a mortgage note a very attractive vehicle, is the advent of the Real Estate investor. Investors typically buy properties in foreclosure or sometimes at steep discounts, creating a natural progression into the investor creating a note which can be (if done properly, converted rapidly into cash.) This method can create a valuable resource for the investor making it possible to move properties quite fast, and creating rapid cash flow

To make this process work most effectively the following are a few suggestions that should be followed.

1. work with a reputable broker, this step can prevent many headaches.
2. Have a professional create and record the note, this step alone will increase the value of the note.
3. A must have is the buyer of the property's accurate credit score when selling a note.
4. Don't be afraid to fully check out a buyer before creating a note the better the buyer the better the note.

Notes come in many different types such as business, personal, Real Estate, as well as others. You can get more information about the note business, by contacting.

Henry Marshall
Pro Systems LLC
934 E. Ellerby Ave.
Salt Lake City UT 84117
Phone 801-580-4829
Fax 801-288-1656
E-mail: mar44h@yahoo.com
Web site: http://www.cash4cashflows.com/prosystemsllc

This release was published on openPR.