Your Seller Financed Notes
When you sell a property using direct seller financing, you create a "Note" (a 'mortgage' for the purchase, which you own and on which the buyer makes the loan payments to you). You need to collect the payments on the Note from the buyer. And you need to keep records on the payments, and satisfy a number of other regulatory requirements covering seller financing. So you need to be well informed on what is required, what is the timing for certain actions, and what are the consequences of not getting it right?
It's your money! Make sure it ends up in your pocket - with minimum problems, delays, or special risks.
> It starts with creating a good Note - especially if you ever want to think about selling your note. It makes a big difference when you try to sell it if you've got, and keep, 'all the ducks in a row' - in order to get top dollar.
> Do you know all of the legal compliance requirements in the seller-financing regulations (Dodd-Frank, etc.) which effect how you must manage your seller-financed note? (...Are you sure?)
> Do you know if you are performing all of the requirements - correctly, completely? (...Are you sure?)
> Do you know all of the issues about the status and records of your handling of your note - which are looked at by potential buyers for your note? (...Are you sure?)
> EVEN IF you don't own any existing seller-financed notes right now, the day will probably come (sooner than you expect) when you will have to consider doing seller-financing to sell a property. When you are making that decision, you need to fully understand what you are getting into.
> Come find out. At This Month's Expert Training by Amy Sayre
When: Monday October 16, at 6:00 p.m.
Where: SpringHill Suites by Marriott Denton
1434 Centre Point Dr, Denton, TX 76205
Light Food & Refreshments will be provided!
Cost: Free of Charge
Dress: Always Casual
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Bring Deals To Share for the Deal Exchange
Do You Have A Property to Sell?
Are You Looking for Your Next Deal?
Come Prepared to Make it Happen
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Monthly Meetings Consist of:
- Networking
- Learning Skills of Real Estate Investing
- Sharing Deals
- Winning Door Prizes
- Learning from National Speakers
- Alcohol Free
- Strong Language Prohibited
- Start and End On Time
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This is for you if:
- You are a Real Estate Investor looking to grow your Network, Learn, and Build a Great Team
- You are a Contractor seeking relationships with investors buying multiple properties per year
- You are an Insurance Agent, Lender, Title Company, Agent or any other profession who would like more clients buying multiple homes per year
Bring a Guest (1st Time Visitor) and be entered for a chance to Win $20!
About the Speaker:
Amy Sayre is the CEO of August REI, LLC, which is an independent third-party servicer that provides management for hundreds of seller-financed notes on behalf of investors all over Texas and soon expanding across the Sunbelt States.
Amy will share her first-hand knowledge and expertise on The Best Way to Structure Your Note to Achieve the Best Profit and the Easiest Sale - if you need to sell your note. She has personally seen 1000's of notes sold, as well as selling a few of her own. She will discuss all the factors that make for a top dollar note sale.
Recognizing a need in the investor community for private, professional 3rd-party loan servicing, Amy established August REI in 2009.
Beginning with just 25 loans under management, Amy has grown the August REI portfolio of notes to more than $993 million, with an outstandingly low default rate of less than 01.80%. Her prior background in mortgage loan servicing, property management and management of a residential appraisal firm, have served her well in developing the comprehensive August REI system and its excellent track record.
Amy is a graduate of the University of Texas-Arlington. with a B. A. in Interdisciplinary Studies.
