Content:

• Greetings from Roberta Leading in Adversity
• What Are You Waiting For? By Clint Hinman
• Owner Financing - 10 Advantages to Using the Seller Carry Back By Tracy Z Rewey
• Upcoming Events

Our 25th
Anniversary Year
1984 - 2009

 

"Don't begin your strategic plan from where you wish you were today; but rather from where you actually are today"
Roberta Standen

Note Servicing Center, Inc.
Post Office Box 77
Midpines, CA. 95345

209-742-5732 - Phone
209-742-7153 - Fax
info@sellerloans.com - Email

 

 

 

It has been said, “Anyone man can hold the helm in a calm sea, but it takes a pro to skillfully maneuver a tossed about ship in a stormy sea and bring the ship and crew safely into harbor”.   In good economic times, any real estate agent or creative individual with a solid goal can make an excellent living and/or build significant wealth with both hands tied behind their back.   Not so, these days.  When credit disappears, cash dries up and property values fall off a cliff, agents leave the business like rats off a sinking ship and investors slam their purses shut – both waiting for better times when living is easy. Even the most persistent and goal oriented real estate professionals ask the question: “How do I and my family survive the ravages of this Financial Storm and can our business emerge successfully from this economic environment?”        

Dr. Paul Chappell, Pastor of the Lancaster Baptist Church in CA coined one of my favorite sayings: “Opportunity often swings on the hinges of Adversity”.  Wow, there you have it in a nutshell.  The key to wild success even in this most difficult financial crises is the processing of the knowledge into the unwavering understanding that Opportunity does in fact exist for those with enough sensitivity and persistence to earnestly look for it instead of waking up each morning stomping around in the mulligrubs.  

If you are one who have become discouraged in these tough times or have become convinced that “only survival and not thrive-al” is possible, this newsletter should help you to get you back into the game.  Two great articles, one by Clint Hinman, Editor/Owner of NoteWorthy Newsletter and Tracy Z Rewey, owner of Diversified Investments. These articles will inspire you to get back at the helm of your business boat and get on your way to smooth sailing.    

Since 2006, the mortgage industry’s fall from grace has been both spectacular and disastrous.  401Ks, IRAs, and other investment plans all took an enormous hit because of it.  As bad as things have been since then, most of the opportunities from the mid-2000’s have been replaced by (dare I say) even better opportunities for the individual investor.

Think about the market pricing for anything real estate-related three or four years ago.  Someone with limited investment funds had virtually no way to penetrate the market as real estate prices assured that all but the large institutional investors were priced out of the market.  My, how things have changed.

I’m going to veer off the beaten path here and talk about sidelines.  You know, the things that mark the boundaries of any sports field.  The sidelines are where the players who aren’t quite good enough to make the starting team stand, waiting for their opportunity to get in the game.  If the player they are meant to replace never comes off the field, the reserves never get the chance to play, and they never get the chance to get better.

For years, we small investors watched as the big institutional players got all the playing time, and scored all the touchdowns, hit all the homeruns, (insert your favorite sports analogy here); in essence, bought all the best notes.  Then came the subprime crisis of 2006-2007, when most of the big players got badly injured and, in some cases, got knocked out of the game permanently.  The playing field has changed dramatically, and we all now have a chance to get in the game.

As the Editor/Owner of the NoteWorthy Newsletter, I receive dozens of phone calls every week from people who really want to play, but are afraid to leave the relative safety of the sidelines.  My question to every one of them is the same:  What are you waiting for?  Prices to come back up to where they were?  How do you expect to grow wealth with a sell low / buy high mentality?  Nothing ventured, nothing gained, I say.

Part of my business is trading REO...  To finish this article click here 

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Owner Financing - 10 Advantages to Using the Seller Carry Back By Tracy Z Rewey

The word is out and seller financing is on the rise as buyers and sellers look for creative ways to finance property in the struggling market.
So what’s all the hype? Here are ten advantages to using the seller carry back to buy or sell real estate.
1. Shorter Marketing Times - Properties marketed with “Owner Will Finance” will draw a greater response rate and generally sell at least 20% faster than properties requiring conventional financing.
2. More Buyers - With many lenders’ tightening their approval process, the seller carry back enables a greater number of buyers to purchase and finance a home.
3. Speedy Closings - Without the red tape of a conventional mortgage lender, a real estate transaction can close in as little as two to three weeks.
4. Maximize Selling Price...  To finish this article click here