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Should I Sell My Mortgage Note?

Owner-financed mortgages require you to act as a bank, collecting payments and keeping detailed payment records.  Obviously, this can be quite tedious and stressful.  Naturally, the main reason to sell a mortgage note or real estate note is to receive a lump sum of cash.  However, th…

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What is a Mortgage Note?

A mortgage note is a common term used for a promissory note secured with real estate by a deed of trust or mortgage deed.  Basically, it is a written promise to pay a specified sum of money plus interest over a specified period of time.

Homebuyers usually think of the mortgage or deed of tru…

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