THE TEXAS NOTE COMPANY – EXPANDS SERVICES

July 23, 2010 By Leave a Comment

AUSTIN, TX  July 19, 2010:  Having established themselves in the Central Texas area as a respected note buyer and owner financing consultant, Texas Note Company, LLC, is proud to announce their expansion into loan servicing.  Founding Director of Texas Note Company Robert E Young notes that “we are providing comprehensive loan servicing to our customers, which will allow them to reduce overhead and concentrate on their business at hand.  A significant benefit of using The Texas Note Company for individuals, investors and companies is to increase the confidence and trust that comes with knowing an independent third party is handling their money.  We act as an independent loan department providing analysis, reporting and customer service to borrowers.”   Young mentioned that once the company announced their move into loan servicing, “lenders, realtors and title agencies started coming out of the woodwork” to get on board.

The Texas Note Company is using the latest  in mortgage automation software to keep track of all relevant information for every loan.  Borrowers have the ability to use the company’s auto-draft process to eliminate the need for monthly check writing.  Through [Read more...]

Filed Under: General, Sell Your Note, Texas Note Company Tagged With: , , , , ,

Mortgage Note for Sale – Home Sellers Turning To Seller Financing

July 17, 2010 By Leave a Comment

It is widely understood that that the housing market is in a recession and the need for cash is great. Individuals, Small Businesses and corporations can’t get loans. There is pressure on prices in the housing market and traditional financing methods aren’t helping the situation. So what do you do?   You look for alternative options to get the benefits that you want and you find Owner Financing as the best option.

Recent housing market statistics show the trend of increasing for-sale inventory.  An abundant supply of regular homes for sale compete with an increasing inventory of foreclosed or repossessed properties entering the market.  Because buyers continue to face the ongoing extraordinarily tight lending environment, they are unable to secure mortgages to work down the inventory.  Sellers and buyers are facing a type of inactivity unseen in previous housing markets.   Consequently sellers and buyers are looking for alternatives and seller financing offers the best solution, especially when you have a mortgage note for sale. [Read more...]

Filed Under: Financing and Refinancing, Home Owner Financing, Sell Your Note, Texas Note Company Tagged With: , , , , ,

HR 4173 – Another Round of Threats Aimed at Owner Financing and the Note Business

July 2, 2010 By Leave a Comment

The Note Queen has a good article concerning the threat against Owner Financing. We need your help by contacting your Congressman to defend your rights as a property owner.

Contact a senator from your state, or a state where you do business.  Contact a representative if you have property or do business in their district.

The government both local in Texas and the Federal Government and implementing laws that will change the Real Estate Investing is done.

Dear Friend and Colleague:

With HR 4173 moving forward in conference, we need to contact the Representatives and Senators listed below, as they are Conferees and will have final decision as to the inclusion of Section 1073 and 1074.  Please review the draft letter (ready to be cut and pasted to your letterhead) and the attached fact sheet.  Both items should be e-mailed or faxed to your Congressman.  (Sending to Congressmen outside your area will have little to no impact.)  The 5th paragraph has a bolded sentence where you MUST personalize or remove the sentence.

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Notes For Sale – Payor Co-Operation

July 2, 2010 By Leave a Comment

The Texas Note Company closed two note deals this week and lost a third.  Why you might ask did we lose the third?  Well before I give you the answer let me tell you the details of the note.  A note holder approached The Texas Note Company to sell his note.  The note was secured by a piece of property in NoTrees (Love The Name) , Texas just a few miles outside of Odessa.  The property was 25 acres and appraised at $120.00.  The note was a Home Equity Note with an original balance of $30,000, it was originally created by a bank then sold to a private investor.   Great Loan To Value(LTV). [Read more...]

Filed Under: Texas Note Company Tagged With: , , , , , ,