With higher mortgage interest rates, taking over bank loans written at 3% and 4% are all the rage. Everywhere you look investors are getting under contract with subject to seller financing terms, and they flip them to unsuspecting buyers for tens of thousands of dollars. What they fail to realize is that there is 1) a high chance of acceleration (triggering the 'due on sale'), 2) a high chance of getting sued down the road, and 3) a high chance of setting buyers up for financial loss and disappointment.
There is only one way to leverage existing institutional financing 100% legally and in a way the guarantees that the loan won't get 'called' or accelerated. I interview Scott Moyes who has the only Title Holding Trust system I would ever use.
As investors, let's get deals done, solve problems and make money without creating unnecesssary risk for all parties to the transaction. We need to equitably balance risk and reward, and make sure it's good for everyone now, and down the road.
What is Owner Financing & Note Investing Podcast with Dawn Rickabaugh?
Specializing in seller financing, Dawn is a visionary real estate professional who gets families into (or out of) homes and investments in a way that empowers and enriches them, as well as the communities in which they live… with or without banks and regardless of market conditions. Dawn is the antidote to America’s addiction to Wall Street’s financial opium. She makes the powerful, non-bank, strategies usually reserved for sophisticated investors accessible to everyday people, making or saving them thousands and instilling hope as she illuminates hidden opportunities. As a seasoned note investor intimate with seller financing and the secondary market for private mortgage notes, she provides mission-critical expertise that is extremely rare in today’s marketplace. Sellers: know what your note will be worth before you create it. "Landlord Liberation", "Buyers: The Seller is Your Bank" and "Note Investing for Newbies" are key gateway books for those wishing to engage with The Realm. Visit www.NoteQueen.com.