For Note Referral
questions or to Make Money with
iD, INC go
to:
www.NoteFinderOpp.com
What is a privately held mortgage?
A
note is a written document that states a promise to pay, and the terms which include the amount, the interest rate
and the length of time. A note may be a mortgage, a trust deed or a deed of trust.
Why would I want to sell my note?
There
are many reasons you may want to sell your note. You may prefer to have a lump sum of cash now, instead of
small monthly payments. You may need immediate cash to pay medical bills, tax debts, or credit card
debts. You may want to take your dream vacation, or purchase a new home or business. You may need money
for a college education or retirement. You may be involved in a divorce, distribution of partnership, or
division of inheritance. You may have the opportunity to invest the same money in other investments which may
be more profitable. Or you may simply prefer not to worry about delinquent payments or having to foreclose if
the payor defaults on the loan.
What kinds of notes will your Investment Network
buy?
We can purchase any type of real estate backed note, which includes mortgages and deeds of trust. We will
purchase both 1st and 2nd mortgages on any type of real estate, including residential, commercial and land
notes. In addition, we purchase mobile home notes and business notes (1st mortgages only).
Are you a
broker?
INVESTMENT DYNAMICS, INC is not a broker.
How do you
describe the company service?
iD INC is a Cash Flow Specialist. We help you
estimate the viability of your note for CASH NOW and work with our Investment Network to purchase your note in part
or full.
What advantages do you offer note sellers?
The
tremendous leverage we have with our Investment Network
gives us a cost effective approach to flipping Paper and other Income Streams.
How do I go about selling my note?
Once
you have decided that you would like to sell your note, we will ask you a number of questions regarding the note
itself and the property or business secured by the note. Once we have gathered all of the necessary
information, we will locate a buyer for your note and present the best offer to you for your consideration.
Once you decide to accept the offer, we will assist you with the process of closing your note sale.
Is there any risk to selling my real estate
note?
No, as long as the note is secured by real estate, you have nothing to worry about. Once we find the highest quote
from our investors, and you agree to the purchase price, a contract is written up for you to sign. Then you
simply return all necessary information concerning the note to us, we close the deal and you get your check.
How long does the whole process take?
If you provide us with accurate information concerning the note, you will receive your money faster. Generally, the
process takes 14 to 30 days.
How much money can I expect to receive for my real estate
note?
In order to receive money now for your real estate note, you will have to sell it at a discount. Generally, quotes
are between 12 to 25 percent less than the note’s current value. It really depends on the details of the note, and
its current standing.
How long does it take to receive my lump sum cash payment?
Generally,
a typical sale takes 4 to 6 weeks to complete, provided there are no unusual circumstances that arise during the
sale.
Why should I sell my note instead of taking out an additional loan?
You
can certainly take out a loan to cover any financial needs you may have, and may even be able to use your note as
collateral. However, there are some disadvantages to this. First, it increases your debt load, while
decreasing your net worth. Both of these factors combine to decrease your credit worthiness and credit
score. By selling your existing note, rather than taking on additional financing, you increase your net worth
without adding any additional debt load. In the event that you need to pursue financing in the future, this
will increase your overall credit score and credit worthiness.
How much will my note be discounted?
Many
factors will affect the current value of your note. If you are selling a real estate note, these will
include: a) where the property is located, b) the type of property secured by the note, c) the
value of the property, d) the interest rate on the note,
e) the terms of the note, f) how long it will take to collect all the payments, g) the equity in the
property, h) the payment history of the note, i) the amount of seasoning on the note, and
j) the payor’s credit rating.
Do I have to sell the entire loan amount?
No.
You can sell all or part of your note. We offer a number of attractive sales arrangements. We will try
to determine your individual financial needs and guide you in determining which of these arrangements best fits
your situation.
How can we help eliminate the hassles of selling a
note?
Finding The Right Buyer for Your
Note can be an extremely burdensome task on your
own, but with our professional experience we will find the best investor for your note and give you purchase
options to consider.
What does iD, INC make for a fee?
We receive a fee that is dependent on the Professional Service provided during the transaction.
OUR FEE IS DETERMINED BY YOUR CASH NOW SUCCESS!!!
Is this legal?
Yes, iD INC works with only the highest of ethical standards and
does not condone any illegal activities. Owner financing is completely legal in all states. In fact, it
is currently estimated that approximately 20% (one in five) of all real estate transactions involve owner
financing.
I'm confused by some of the terms used. How can I find out what these words
mean?
For
your convenience, we have included a glossary.
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