Sell A Private Mortgage or Hold It - Advantages & Disadvantages?

Advantages For You To Sell A Private Mortgage: 1. First, there is the obvious advantage of receiving a significant lump sum of cash. 2. You can use this cash for lucrative business opportunities or just as a cushion for these tough economic times to ease worries. 3. You no longer are at risk of the mortgagor defaulting on the note and the hassles of a having to foreclosure. 4. You will no longer have to be concerned about whether the mortgagor has paid their local property taxes, are maintaining adequate homeowner's insurance or whether they are maintaining the home. 5. You won't have to keep checking with the local tax office to see whether the mortgagor has any new liens on the property from another mortgage or federal or state income taxes, etc. 6. And lastly, you will no longer have to maintain detailed records on the mortgagor’s payment history, amortization schedule. You also won't have to keep reporting the interest or capital gains income to the government.   If you are seriously considering selling your mortgage, you might want to check out our page about note pricing at notes buyer. For more on why someone would sell a note go to our page, sell a note. Call 7 Days A Week For Great Pricing! You'll Be Glad You Did. 1-877-655-5625

Disadvantages For You To Sell A Private Mortgage: 1. First and most obvious, once you sell a private mortgage note your monthly income will cease to occur. 2. If you had a significant gain on the sale of the home that you have spread over the life of the note, you may have to show all of the remaining gain once the note is sold. (Consult your tax adviser.) 3. To sell a private mortgage, You will take a discount on the remaining note balance due to the time value of money.   If you decide to sell private mortgage, check out our page about the process involved at Selling Mortgage. We will also be happy to provide you with a quote. Our toll free number to get a quote for your mortgage note is on our home page at sell my note. Call 7 Days A Week For Great Pricing! You'll Be Glad You Did. 1-877-655-5625