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Quote
of the Week
“A
successful man is one who can lay a firm
foundation with the bricks others have
thrown at him.”
~
David Brinkley
It's time to get in the game!
Learn to invest in and broker
notes from a current
practitioner
and note business veteran...
Jeff's
Secrets of Paper Home Study
Course
has helped countless
individuals become better Note
Professionals
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to order TODAY!
 President's
Corner
In the Note Business you are in
sales whether you like it or not.
No matter what you think your
job is, a major part of it
should be about sales and your
ability to get others to do what
you want.
You're kidding yourself if you
think: "I'm creative, so I don't
have to worry about selling --
that's someone else's job." And
an even more dangerous and
industry-wide presumption is:
"I'm so good at what I do,
business will always find me."
(we will talk about that in
another President's Corner).
Say that you do not have to
negotiate ("sell yourself") to a
Note Holder to accept a price
option for their note and that
your responsibilities do not
directly include "sales." Are
you off-the-hook? Nope. Sales is
more than just prospects and
Note Holders -- you have to sell
yourself to funding sources,
investors, title companies,
servicing companies, real estate
attorneys, appraisers on helping
you even when you're just one of
many of their customers.
Getting comfortable with the
idea of selling may not come
easily however, by improving
your knowledge and by putting in
your "time on the water"
(gaining experience) you can
succeed.
Remember, Success Demands
Action! Keep on marketing, it’s
going to work! TWITA! |
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Feature Article
Move Forward with Notes
In short, there are more
individually held first position
performing notes secured by
property for us in the seller
financed note business to go
after, which means more
opportunity to get our marketing
seen, which means higher
response rates, which means more
accepted prices and more closed
transactions...
Read More...
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Question of
the Week
Q
- Hi Jeff,
What happens if I sell you part
of my note and the person the note is with dies? I am assuming the answer is
that the mortgage would go through probate, but help me with this one. ~ Amber
A
-
Hi Amber!
If we buy a partial and the
payor dies the there are normal
processes to find out if someone
will continue to make the
payments or not. If the note
seller dies then the note would
go back to whomever it stated in
their will or through probate.
If the investor dies while he
has it, the servicing company
will continue to service the
note until it is supposed to go
back to the note seller and they
will reassign it at the
pre-determined term. Hope this
helps! TWITA! ~ Jeff
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So you want to invest in or broker
notes?
Been trying for awhile with limited
or no results?
Check out the most talked about, current and innovative educational tools,
training, mentoring, assistance and support services in the industry! Updated for
2012, click here to start growing your note business today!
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