Mortgage Notes

Owner carry-back paper can be created as the result of sale of many different types of real estate and properties and, as a general class, the most attractive owner financed mortgage notes are first mortgages that are created as the result of selling a single family residence.  Duplexes, triplexes, multi-family structures, and even resort properties are also generally […]

Sometimes referred to as “seller carry-back” mortgages, owner financed mortgage notes are created when the seller of a home or property decides to finance all or a portion of the property himself /herself and to “carry” a note from the purchaser.  Such carry-back mortgages are often created as the result of the property being difficult to sell or when the