A MUST for anyone receiving payments
on a real estate secured note!!
Congratulations, you have a new note! Now what?
Do you know…
- What your responsibilities are as a Note Holder?
- What to do at tax season for the IRS?
- What you need to keep track of if you ever want to sell the note and get your cash now?
- What to do if the payor stops paying?
No? Then quite simply you NEED The Note Holder’s Handbook.
Read on…
The Note Holder’s Handbook is intended to help you understand more about the note you carried back when you sold your house, land or other real estate. It is written for the layperson. In other words, it is written for someone who is not a real estate specialist. Many topics will be discussed, including the following
- How much is your note really worth?
- Why record keeping is vital to your note’s value.
- A simple technique that can avoid tax problems.
- What to do when the payments are late.
- What to do if the payments stop and when to foreclose.
- A simple step you can take to verify the safety of your note.
- How to get top dollar if you sell all or part of your note.
In Section 1 of the Note Holder’s Handbook, we will review some basics of seller carry back notes. It might be a good idea while you’re reading this section to refer to Appendix A that is a glossary of real estate financing terminology.
In Section 2, we will show you an example of the creation of a seller carry back note in order to illustrate several points. Chances are very good that you sold your property for less than you think. We’ll show you why.
In Section 3, We will describe the steps you can take to assure the safety of your note. We will also describe how to maximize your note’s value and how to make sure the payments are paid on time. Section 4 will also describe how to handle late or delinquent payments. We will describe alternatives to foreclosure if the payments stop altogether. Sometimes it can even be to your benefit when the payments stop. We’ll explain.
In Section 4, we will show you several ways to sell all or part of the note that was created in the example of Section 2. You’ll see why selling part of your note is like having your cake and eating it, too. Section 4 concludes with a discussion of tax reporting for note holders. You’ll see why an amortization schedule for your note is vital. Get one for your note now, by contacting us at 800-858-6005.
Section 5 describes how a note is valued and how to get the best offers on your note when you sell.
Appendix A gives you a glossary of real estate financing terminology that will be helpful to you when discussing your note with professionals and understanding what all those terms mean in your note.
Appendix B discusses the foreclosure process if your payor stops paying on the note. It helps you understand what steps you will have to take and what fees are included and what rent or rental income you can collect.
Appendix C gives you an example of an amortization schedule to refer to.
Appendix D will list the resources used to make this handbook.
Appendix E gives a low cost amortization schedule option for your note.
Appendix F offers a free purchase quote for note holders if are curious about selling your note.
Appendix G provides you a simple to use Payment Record Chart to keep track of the payments you have received. This is VERY important if you ever plan on selling your note.
Appendix H gives you a Handy Reference Data area to keep all of the pertinent information regarding your note in one place.
I think you will see this handbook is a MUST for anyone receiving payments on a real estate secured note!!
We invite you call us if you have questions about your note. Call Trusted Note Solutions at (800) 858-6005.
Request Your Copy Below
To Order your Note Holder’s Handbook complete the form below and we’ll send it right out to you (please allow 1 to 2 weeks for delivery). Note: you will receive a physical handbook to keep with your records for future reference. (*=Required Field)
