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Private Mortgage
Notes,
or as they are sometimes known,
Owner Carry-Back
Mortgages, are mortgage-backed promissory notes that are the
result of a seller of a single family home, condominium,
multi-family residence or other residential or commercial
building providing some degree of finance to the new buyer of
the dwelling at the time of closing. They can be for the
full amount of the mortgage on the sale (first position notes)
or can be partial (second position notes) behind a traditional
mortgage
lender.
Mayflower Financial Group is a buyer and broker of private mortgage notes. If you are the holder of a private mortgage note receiving monthly or quarterly payments and would like a lump sum of cash for any reason, we can help. As the owner of a private mortgage note you can.....
ü receive a lump sum of cash for a
sale of your note. No Obligation Confidential Quote
You can receive a
"no obligation" confidential quote on your
private carry-back
mortgage note from
Mayflower Financial Group by
simply completing our
note request form
(Adobe
Acrobat Reader Required) and faxing it to our
underwriters. A representative will
contact you within 24 hours to begin processing your request.
If you have difficulty downloading our forms, you may also
request a
quote
by mail
or use our
online request forms.
While owner carry-back mortgages can often provide the catalyst to get the deal done, many sellers are reluctant to hold mortgage paper for lengthy periods of time. Before you structure your deal, contact us regarding how to make your private mortgage attractive for resale at a later date if necessary.
Copyright 2010 Datamax Marketing Systems, Inc. All rights reserved.
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