new deal ????

  1. I heard about anew deal that will offer to buy a foreclosure home for up to 90 % of value on owner finance >>> with a back door of a compay who will buy the note within weeks !!! My question is this a good deal ???
  1. a side note to this would be a person could make a deal to buy the foreclosure from the one in foreclosure for a much less price ?? AND then sell or flip the deal to a new troubled buyer for the full value of the home with a 10 % down payment on a second note for a 100 % finance deal for the new buyer with trouble credit

It “sounds” as a very good deal. Will it happen?
Is another question.

  1. i do not know i was just thinking it might >>>> with this new deali heard about >>>> but iam going to do more checking in to it and may do nothing with this new thing tell after all the christmas and the like die down
  1. the new deal is the adding of two or three things into one

  2. owner mortage at 70 to 80% of apprasial value with the owner with a 30 day tell first payment

  3. then you sell the home to a problem credit person for 100% of apprasial value

3 ) then the note is sold to this company through a rep of theres

 this has a cost of   250.00 to set up your file and account with them >>>> then they collect 1% of each and every deal profit  >>>> not a bad deal  as i see it    >>>> will be getting in on this deal as it comes down to a flipp deal with no seasonning troubles  and all is  done in 30 to 90 days

Buying with owner financing then selling with owner financing then selling the note to a note buyer. What is so new about this? ???

  1. nothing really as i said it comes down to the combining of two or three things into one >>>> PLUS you have a place that will buy your note for cash with no seasonning issue this i think is a big thing as a lot of places will not buy a note with out some time on it being payed on

I don’t know. I put we buy notes “no seasoning” into google and quite a few willing buyers came up. And why the fee, when they are getting a note (instant equity because it is for less than the face value)?

Just asking.

  1. the 1% is payed to there rep that you are working with it is like a paperprocsser fee and you do not have to shop your note by going through this company and there rep that sets things up for you

No, I mean the $250 “account set-up fee”? If you go to a notebuyer they either buy the note or they don’t, you don’t need an account. If you establish a relationship with a couple of notebuyers then you don’t really need to “shop” a note anymore than you need to “pitch” a property once you establish relationships with cash investors.

Forgive me, I don’t mean to be cantankerous ::). I am just trying to get an understanding of how this would be beneficial over just going through a network of notebuyers.

Perhaps if you could tell us who or what is doing this (if that is allowed)?

8)no i can not put out in the open all the details of the program as i have become part of it sorry for this >>>> however i can pass along all the information they gave me to some of my questions first off most of your note buyers whom will buy a non seasoned note want a lot of information on the buyer fico exct. >>>> these people do not care about that as they have the real property to fall back on if all goes wrong >> as well if you go through one of there reps they will buy all notes you submit at near face value with only a 5 to 10 % discount on the face of the note this help you understand more ??

I think I do. So it is kind of like Alexander’s Inverse Purchase only with notes (I say that because of the focus on the end buyer having low fico)?

Thanks.

  1. yes now you are shopping so to speak in the right store !! IT is a good deal as i see it all end up in a happy place and this sure costs alot less then the other