Have you ever considered buying a note secured by property on leased land? This interesting arrangement is actually more common than you might think. Before you make assumptions about what this would mean or whether or not it’s a good idea, consider the pros and cons of a note secured by property on leased land. … Read more…
Last month’s article was about the basics of title insurance and why a note investor should get a Lender’s Policy of Title Insurance when buying an existing note. I get a lot of questions, especially from new note brokers and note investors about what to look at and how to read a title commitment and … Read more…
When purchasing a Seller Financed or other real estate secured note, whether performing or non-performing, part of the due diligence should be obtaining a Lender’s Title Insurance Policy. But why? And what is Title Insurance anyway? Title insurance is a form of indemnity insurance that protects against financial loss sustained from defects in a title to … Read more…
You are buying a note and while doing your due diligence, the dreaded happens, the appraisal comes in low. Then you have to call your note seller and inform them of the new development. If you have been in the note business any amount of time then you have heard your note seller says things … Read more…