In today's slumping real estate market, more home sellers are finding financial relief by selling their homes with owner financing. While it may be a financially savvy method for selling your house quickly to an ever shrinking pool of buyers, it's not without risk and there is very little information available on how to manage the investment.
"Everything you own comes with a manual - toasters, DVD players; your cell phone," said Pat Friedl of FastNoteOffers. "But when people sell with owner financing, there's no field guide available. We're looking to fix that."
Many people may want to offer owner financing, but don't know how to address the common issues that come with holding a note: What does the amortization schedule look like for the note? What are your rights if you have to foreclose? How to do you ensure that the taxes and insurance are paid?
With the release of their Note Owner's Manual, FastNoteOffers answers these questions and many more. "The Note Owner's Manual provides you with the practical financial assistance you need to manage your investment. It covers all the key subjects in relation to buying, managing, and selling Privately Held Mortgages, Mortgage Notes, Trust Deeds as well as Land Contracts," Pat Friedl said.
Note holders can get the Note Holder's Manual for free by visiting the company website at http://www.FastNoteOffers.com, or by calling 866-OK-B-QUIK (652-7845).
"We're offering the Note Holder's Manual for free Because we are confident that an educated Note Owner is potentially our best customer," Pat Friedl said. "We believe that you should feel confident and well informed when making any and all decisions relating to the management of your finances in general and your note specifically."
