Loan Servicing – The Six Flags that Have flown over Texas

At The Texas Note Company we enjoy the history that goes along with our great state.  We made a trip to visit the Capitol over the weekend and when you walk in the floor of the rotunda is tiled with the Six National flags have flown over the State of Texas.  It is really cool, if you haven’t visited The Texas State Capitol in Austin, Texas I strongly urge you to do so.

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The Texas Note Company – QR Code

TNC QR CodeHere is a bit of technology for you.  I found a website that allow you to create your own QR code for free.  Go ahead and use your iphone or smart phone to scan the code at the right.  It is really cool.  You can add to business cards, your website etc.  Just another way to advertise inexpensively.  The website I used is

http://qrcode.kaywa.com/

A friend at the Real Estate Investor meeting I attend each Thursday introduced me this bit of technology, and I wanted to share it.

 

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Sell Note – In the game-like world of real estate investing, the other players are getting a lot smarter.

By Noteworthy on Jan 11, 2011

Hoouse of MoneyAttention Note Investors:

You’ve seen the headlines about homeowners successfully challenging lenders or servicers attempting to foreclose without proper documentation. The lesson here for note investors is that borrowers and their attorneys are getting better at playing the game of real estate.

But “Foreclosure-Gate” isn’t the real story here…

The real story is that borrowers and even GSEs are starting to think like note investors and real estate entrepreneurs, and this shift will affect how we do business…

How so? [Read more...]

Mortgage Note For Sale: A Case Study for Increasing Your Success

Owner Financing is the oldest form of lending that there is.  It existed before banks and traditional mortgage lenders began the practice of lending.  It is for this reason that it is the form of lending that is known least about.  I have written about the importance of the ORIGINAL promissory note and the documents that go with and I have written about the importance of Payor Co-Operation, this article is about a note holder who employed an attorney who didn’t know what he was doing and it cost the note holder MONEY.

Creating a Deed of Trust and a Real Estate Lien Note is not calculus, but there are certain formats that need to be taken into consideration.   When you buy and sell mortgage notes on a daily basis you will see all different type of notes; notes with a term of a week, 0 interest rate, various sorts of balloons even documents and titles that are unusual, or a note where the preparer forgot to include the interest rate. [Read more...]

THE TEXAS NOTE COMPANY – EXPANDS SERVICES

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...]

Mortgage Note for Sale – Home Sellers Turning To Seller Financing

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...]

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

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

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...]

Sell My Mortgage Note – Happy Father's Day

I wanted to take time out and wish you and yours (All the Father’s Out there) A Happy Father’s Day!  One of my favorite things to do is welcome a new father to the Dad’s Club. The most rewarding club I know of, and Father’s Day is one of the reasons.

If you are not a father, I wish you a great weekend as well.

TNC Founding Director, The Texas Note Guy, on 98.9 Austin, TX – The Big Talker

The Texas Note Company Founding Director Robert E Young, The Texas Note Guy, will Again be on 98.9 FM in Austin, Texas Saturday June 19 at 2pm CST. Robert will be on live with Jim Warr of Warr Investment Group.  Tune In to learn about Finance and How to Sell Your Note.

Click to listen live Saturday June 19, 2pm CST.