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Ask Jeff to speak,
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Quote
of the Week
“You
can't connect the dots looking
forward; you can only connect them
looking backwards. So you have to
trust that the dots will somehow
connect in your future. You have to
trust in something - your gut,
destiny, life, karma, whatever. This
approach has never let me down, and it
has made all the difference in my
life. ”
― Steve Jobs
 President's
Corner
Summer is here! Along with the
heat, the monsoons, the
vacations and the fun the note
business continues to move
forward. Business may slow
down or it may pick up for you
(you need to keep your own
statistics) over the next few
months of summer.
Either way this is the season
that I normally review my note
businesses performance through
the first 6 months of the year
and see what adjustments I need
to make to keep it going, to do
more business, to loose less
transactions or to cut some
expenditures. I do this in
the middle of the year and at
the end of the year to make sure
that my note business continues
to survive and grow.
In between your activities over
the next month or so, I suggest
you carve some time out to do
the same. Have a great
summer and remember,
Success
Demands Action! Keep on
marketing, it’s going to work!
TWITA!
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If you need a Valuation Estimate
or an Appraisal of today's cash
value of your secured or
unsecured notes, for the purpose
of Estate Planning, Financial
Planning, Income Statement
Preparation, Balance Sheet
Preparation, or any other
purpose we can help.
Read more and contact us today. |
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Feature Article
Notes - The Hidden Real Estate
Niche
A lot can happen in just a
couple of years. One moment we
were in middle of one of the
best times ever seen in the note
industry, the next moment we
were searching for new note
investors to buy the notes we
found and close on our
transactions...
Read More...
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Question of
the Week
Q
- Hi Jeff,
I have been working with a lady for about two months now who has agreed to take
a bid for a land note that she has, but she unable to find some of her original
documents like copy of the signed note, and the settlement statement. Is there a
way to retrieve these documents from anywhere or are the originals the only ones
we would be able to work with to move forward with the brokering process?
~ Francis
A - Hi Francis!
Thanks for the email!
The first place I have them look is the place
where they closed the sale of the property. The Real estate attorney, title
company or escrow company may have those documents. After that, if the note is
being serviced the servicing company will have the original note. They can also
look in their property file, their safe deposit box or anywhere else they put
important documents. The settlement statement can be overcome with copies of
proof of the down payment. However, the original note is the one document that
we have to have, that is the document we are purchasing and it must be an
original. If the note is lost the only thing to do is to go back to the
buyers/payors and ask them to sign a new (copy of the original) note and usually
buyers have no incentive to do that. I hope she can find the note!
Hope this helps!
~ Jeff
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Been trying for awhile with limited
or no results?
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