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Digg it UP - How to Sell Your Promissory Note-Real Estate-Business-Annuity-Structured Settlement
Almost everyone who has graduated from high school knows that Benjamin Franklin was a famous American.Most of us have read that Franklin used a lighting rod to prove a theory he had about electricity. Others remember that he was the one who invented the bifocals which many of us wear today. (I just ordered a new pair of trifocals; thanks to Ben, I see better.)But few of us also know these facts and observations about Benjamin Franklin:Franklin was America’s best scientist, inventor, writer, business strategist and diplomat of his time. He was also one of the era’s most practical political thinkers!Franklin’s interest in electricity led him to note the distinction between insulation and conductors, the idea of electrical grounding, and the concepts of capacitors and batteries.Franklin discovered that the big East Coast storms known as northeasters, whose winds come from the northeast, actually move in the opposite direction from their winds, traveling up the coast from the south, thus beginning the science of weather forecasting.Franklin combined both science and mechanical practicality by devising the first urinary catheter used in America.Franklin declined to patent his inventions, freely sharing his findings, as his love of science was born of curiosity.Franklin became the first pers
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthl
If you are simply dreaming of “having” a Website. It’s okay….. But if you are keen on “making” your own mark in the Web, and really interested in authoring it, brand it with your very own style and technique, there are some online tools for you to consider Browser Compatibility You must design your Web site so that it is viewable on both browsers: Netscape Navigator and Microsoft Internet Explorer (IE). Netscape Navigator is very strict when it comes to HTML tag completion, but IE isn't. You need to view your site first using Macromedia Dreamweaver before publishing to the Web. Make sure you've run the command convert to ensure your site is version 3.0 browser compatible. If you're using Netobjects Fusion to create the layout of your site, make sure that all layer objects are converted into tables. This is highly recommended if you want to reach a broader and wider audience.A) Dr. HTML, located at www2.imagiware.com/RxHTML/ B) Web Site Garage to check your links, located at websitegarage.com C) a variety of site maintenance tools like HTML validator, link checker, server monitor at www.netmechanic.com/ Graphics Optimization Web graphics play an essential part in your Web design, always make sure that all of your graphics are in .gif and .jpg format. Unless your site deals with photography, minimize
(A promissory note is defined as 'A promise to pay a certain amount of money on a periodic or future lump sum basis, defined by the terms and conditions contained in the Note Document'. Usually, a Promissory Note is constructed during a tangible property sale event where the property seller Takes Back a promise-to-pay (Promissory Note) instead of Cash.)
Owning a promissory note, instead of requiring cash, sounded like a good idea at the time you sold your real estate or business or accepted your Structured Settlement because you would have a guaranteed steady stream of monthly payments at a reasonable interest rate. Right?
Then, you soon found out that:
1. The interest rate you charged is now too low,
2. The payor of the note does not always make the payments on time so you have to call and demand the payments,
3. You have to pay taxes on the income,
4. You figured out that the value of your note diminishes everyday, and,
5. You could put the lump sum of the note money to better or now-needed use.
So, you decide to sell your promissory note.
1. First you went to your bank and they would not buy it nor did they have any information about how to sell it.
2. Next, you asked your friends and one said Find a Note Broker. So, you searched on the Internet and found a million web sites all purporting to be able to buy your note. You talked with a few but did not get any satisfaction or few return calls. Now the frustration sets in.
Here's how the Note Buying business works:
1. Notes are purchased by seasoned, reputable investors seeking long term returns on an investment using their own money. Investors can be individuals, groups, companies, pension funds or specialty funds.
2. A note is valued according to the long term yield to the investor. It’s named, Time Value of Money. Or, a dollar today is worth more than a dollar tomorrow. Therefore, your note can be purchased at a discount or less than its current principal amount in order to provide the investor’s needed long-term-yield.
3. The note yield and value is determined by the Note Interest Rate, the credit score of the note payor, the term of the note, the payment schedule, the Loan To Value Ratio (LTV), the payor's equity in the property, the security for the note and the terms of the note.
4. Your note can be purchased by an investor based on his/her required note type, note criteria and required yield.
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthle
If you’ve ever spent the time to look at Adsense ads on Google’s left navigation bar, you probably noticed that a few of the ads were for eBay. This is because eBay is one of Google’s largest advertising partners. Virtually any key phrase you search for on Google will yield at least one ad published by eBay, even if you have to move through several pages of ads to find it. And this is how it has been since the inception of Google’s Adsense program. Until this latest piece of SE News surfaced, there was probably no reason to believe that things would chance. But now things are different.Google’s creeping encroachment into everything on the Internet, including auctions, browser toolbars, news, email, and advertising has Ebay worried. While Google does not overtly claim to seek Ebay’s market share-and has actually repeatedly affirmed their partnership in public emails in response to this breaking SE News — Ebay is reluctant to accept this and simply go about business, knowing that Google has the leverage, the technology, and the cult following to conquer virtually any Internet market, including auctions and payment services, both of which they have already begun to cultivate.Rather than simply withdrawing ads funding the Internet giant, Ebay has taken a more subtle path: they have decided to form a revenue-sharing partnership with another Internet
Then, you soon found out that:
1. The interest rate you charged is now too low,
2. The payor of the note does not always make the payments on time so you have to call and demand the payments,
3. You have to pay taxes on the income,
4. You figured out that the value of your note diminishes everyday, and,
5. You could put the lump sum of the note money to better or now-needed use.
So, you decide to sell your promissory note.
1. First you went to your bank and they would not buy it nor did they have any information about how to sell it.
2. Next, you asked your friends and one said Find a Note Broker. So, you searched on the Internet and found a million web sites all purporting to be able to buy your note. You talked with a few but did not get any satisfaction or few return calls. Now the frustration sets in.
Here's how the Note Buying business works:
1. Notes are purchased by seasoned, reputable investors seeking long term returns on an investment using their own money. Investors can be individuals, groups, companies, pension funds or specialty funds.
2. A note is valued according to the long term yield to the investor. It’s named, Time Value of Money. Or, a dollar today is worth more than a dollar tomorrow. Therefore, your note can be purchased at a discount or less than its current principal amount in order to provide the investor’s needed long-term-yield.
3. The note yield and value is determined by the Note Interest Rate, the credit score of the note payor, the term of the note, the payment schedule, the Loan To Value Ratio (LTV), the payor's equity in the property, the security for the note and the terms of the note.
4. Your note can be purchased by an investor based on his/her required note type, note criteria and required yield.
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthl
Reach and frequency are terms generally used when planning advertising campaigns. However, the concept of reach and frequency applies to any promotional activity you undertake: direct mail, direct selling, and even networking.Reach is the number of people you touch with your marketing message or the number of people that are exposed to your message. Frequency is the number of times you touch each person with your message. In a world of unlimited resources you would obviously maximize both reach and frequency. However, since most of us live in the world of limited resources we must often make decisions to sacrifice reach for frequency or vice versa.For example, an air conditioning repair service who has decided to do a direct mail piece has to decide whether to mail the entire Dallas/Fort Worth Metroplex once or to mail a quarter of the Metroplex four times. An attorney who receives many of her clients through networking may have to decide whether to attend one weekly networking meeting or four different monthly meetings.When faced with decisions of reach vs. frequency remember this rule of thumb:Reach without Frequency = Wasted MoneyMarketing is the process of building a business relationship with potential customers. Have you ever established a lifelong friendship with someone you had contact with only once? Probabl
2. Next, you asked your friends and one said Find a Note Broker. So, you searched on the Internet and found a million web sites all purporting to be able to buy your note. You talked with a few but did not get any satisfaction or few return calls. Now the frustration sets in.
Here's how the Note Buying business works:
1. Notes are purchased by seasoned, reputable investors seeking long term returns on an investment using their own money. Investors can be individuals, groups, companies, pension funds or specialty funds.
2. A note is valued according to the long term yield to the investor. It’s named, Time Value of Money. Or, a dollar today is worth more than a dollar tomorrow. Therefore, your note can be purchased at a discount or less than its current principal amount in order to provide the investor’s needed long-term-yield.
3. The note yield and value is determined by the Note Interest Rate, the credit score of the note payor, the term of the note, the payment schedule, the Loan To Value Ratio (LTV), the payor's equity in the property, the security for the note and the terms of the note.
4. Your note can be purchased by an investor based on his/her required note type, note criteria and required yield.
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthl
If you sell products or services, chances are you have a website promoting these products and services. All website owners are looking for fresh ideas on how to get qualified visitors to their website and convert these visitors into buyers.1. Pay per Click CampaignsIf you use Google, you have seen a pay per click campaign. You usually notice ads running down the right side of the page. These are pay per click campaigns. If you click on any of those ads, the person who placed the ad there would have to pay a certain price. You can set up a pay per click (PPC) campaign for your products as well. Usually if someone clicks on your ad, you’d have to pay 5 to 10 cents per click. This is a very cost effective advertising solution if done right.2. Write an eBookEbooks are a great form of marketing your products and services. Find out what your customers would like to know and write an eBook regarding that subject. All throughout the eBook, mention your products and services and include all your links.3. Email SignaturesEvery time you send an email, it should always have ads for your products and services underneath your signature. Include links to text that drives me to your site.4. Affiliate Signup PageIf you do not offer an affiliate signup page, you are losing out on thousands of people advertising
2. A note is valued according to the long term yield to the investor. It’s named, Time Value of Money. Or, a dollar today is worth more than a dollar tomorrow. Therefore, your note can be purchased at a discount or less than its current principal amount in order to provide the investor’s needed long-term-yield.
3. The note yield and value is determined by the Note Interest Rate, the credit score of the note payor, the term of the note, the payment schedule, the Loan To Value Ratio (LTV), the payor's equity in the property, the security for the note and the terms of the note.
4. Your note can be purchased by an investor based on his/her required note type, note criteria and required yield.
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthl
One of the best things you can do to increase your career advancement opportunities where you work is to do more than expected.It's often not enough to just do a fine job and expect promotions now and then based on longevity. So find opportunities to show you can handle more responsibility or different duties than those in your job description.Here's one example from my own personal experience. I had a great job as the executive assistant to the general manager. But I often didn't have enough to do to keep me busy. I hate being bored, and I enjoy writing. So I began writing articles and submitting them for the employee newsletter, even though none were solicited.The editor liked what I wrote, and every article I submitted was accepted and published. Readers even began looking forward to my articles.One day the editor left for a position with another company. Having already demonstrated my writing talent, I was asked to apply for the job. I had to go through the standard hiring process and compete with other applicants, but because I had volunteered to write articles, the hiring manager had first-hand knowledge of my capabilities and I was hired. Not only was this a promotion, it was a move into a position that I found much more challenging and rewarding.So look around and take advantage of opportunities to do more than expe
5. Note investors specialize in different types of notes. Some buy only 1st Deed of Trust Real Estate Notes or Mortgages, some buy only Business Notes or Annuities, etc. To make a long story short... you do not know if the person you are talking to is a Broker or an Investor or both or what note type, criteria and yield he/she requires. Frustrating. Now you think all note investors and brokers and the whole note buying industry is sleazy, unethical, unprofessional and worthless. Well, I admit that part of that is true for many unprofessional brokers but REAL Investors and REAL Brokers are here, honest, professional and provide a valuable service. How do you know? Just ask him or her if he/she is a Broker or Direct Investor, what types of notes they desire and what is their criteria and process. More on this in another article.
This is what you need to know and do regarding your promissory note:
a. The value of your note is determined by when and how you construct it. When constructing your note, assume you will want to sell it within the first year. If constructed properly and professionally, it will have high value. Professionally means using the services of an experienced Business or Real Estate attorney to construct your Note. Never use one of the simplified Note Forms available anywhere. Think about it... why do you think Real Estate Lenders use exquisite, complex, complete Loan Documents that are constructed for their own lending criteria? Next, Real Estate secured notes are valued on the appraised value or sale price of the property minus the payor equity and the credit worthiness of the payor. Business Notes are valued on the note payor credit worthiness and historic business performance.
b. The highest valued notes are those that the current Note principal amount is not more than:
i. 80% of the sales price of the Real Estate if it's a 1st Deed of Trust Note/Mortgage, or 20% if a 2nd Deed of Trust and the total of a 1st and 2nd doesn’t exceed 80% of the sales price or,
ii. If a business note, 67% of business sale price.
c. The payor responsible for the performance (payments) of the Note credit score must be above 640 (the national average credit score is 678) when you construct the Note (The lower the credit score, the less your note is worth). Always obtain a current Credit Report on the payor before concluding a note transaction. You have the legal right (by virtue of the Federal Fair Credit Act) to request or obtain one because you are going to be their creditor. Go to www.transunion.com and click on Consumer Info to obtain a Tri-Merge credit report (it will provide you a payor score and report from each of the three credit reporting agencies). You will need the payor full name, address, SS# and birth date. You do not need your payor’s approva
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