Buyer Wonders How to Structure an Owner Financing Offer - If the Owner Will Carry, What Should You Do? - 07/19/08 02:54 PM
If you're a buyer right now, it really behooves you to know how to structure a seller financing offer. In the live deal that I'm sharing with you below, the buyers specifically looked for properties that were owned free and clear (there was no mortgage on the property) and zeroed in. Here's the conversation in a nutshell:
Hi Dawn, I saw your website while searching for a way to put together a deal to purchase a home. My husband and I are the buyers and have found a lake home in north Georgia that we would like to buy and we … (0 comments)

Seller Financing and Mobile Homes - 07/16/08 07:41 PM
Bummer . . . well, I found out that my nice little seller financing strategies don’t work on mobile homes in parks when there is underlying financing in place (the seller still owes a bank some money). If the seller owns the mobile home free and clear, or if the manufactured home is somehow affixed or attached to the land, then that’s a different story and I can work with that.
I had someone named, well . . . Dawn (the names have not been changed to protect the guilty) contact me about a situation she had in Northern California. She … (3 comments)

How Seller Financed Properties Help First-Time Home Buyers Get Their Piece of the Dream - 07/11/08 11:59 AM
A common buyer's lament: "Now that prices are coming down and it's finally a buyer's market, there's no more 100% financing, and even though I do have a 5% down payment, it's so hard to get a loan . . . what good does it do to have a buyer's market if I can't buy?"
There's a big disconnect out there. Many people who want to buy are discouraged.
But they don't have to be . . . this can be such a great time to put a deal together if you'll just step outside the box with me for a … (0 comments)

Owner Financed Properties Gaining Popularity as Freddie and Fannie Face the Fire - 07/08/08 04:48 AM
"Will the seller take 5% down?" the agent asked me. "FHA is the only possible thing out there right now for my first time home buyer, but if your seller can match it, then we should be able to write an offer." This kind of conversation will become increasingly common as the credit crisis plays out and buyers and sellers look for other ways of putting and keeping real estate transactions together.
Go read this article by CNN Money regarding Fannie and Freddie:
"Fannie Mae and Freddie Mac are government sponsored entities that help the mortgage market function by purchasing pools … (3 comments)

The Ten Commandments for Private or Seller Carry Back Lending - 07/05/08 11:19 AM

These 10 spiritual principals were received by James M. Allen in 1993 on top of Mt. La Jolla, California. Originally created for the edification of private hard money lenders, the principles largely apply to any seller thinking of becoming the bank on their own property:
1. ALWAYS take possession of the original note.
2. ALWAYS make sure that the deed of trust is recorded.
3. ALWAYS make sure that you have title insurance showing your deed of trust in the proper priority.
4. ALWAYS make sure that you record a "Request for Special Notice" with respect to all senior deeds … (2 comments)

Seller Financing: Coming Back Around - 07/04/08 06:47 PM
I was recently speaking with the managing editor of Inman News, exploring the possibility of becoming a columnist for them around the topic of seller financing and real estate notes as I believe the message to be very apropos. Creative financing is coming back around. Why not educate people about how to use these strategies safely?
Not only have many buyers and sellers begun to express excitement about the information I am providing, but I have been contacted by several real estate professionals that are getting on board, as well.
Because I was curious about how often the LA Times had … (0 comments)

Note Seller Finds Note Buyer Blog - Petitions Queen - 07/03/08 04:48 PM
The whole "Note Queen" idea was sort of an accident . . . a mere nickname in the office that somehow stuck. Instead of fighting it, I created a brand around it. Most people merely smile (or smirk) when I call myself the Note Queen, so I was really surprised when one "note buyer blog" Googler found me and stepped right up on stage.
Her email made me laugh right out loud (LOL, in modern language, in case you don't have teens).
"Call me! I don't want to be ripped off by weirdos on the net . . . Save me … (0 comments)

Seller Financing and Land Trusts - Secrets of Liquidity After PTSD - 07/02/08 02:58 PM
Trying to close a real estate transaction these days can be like trying to swallow an ice cube . . . it hurts a little, and if it gets stuck in your throat, well, let's hope it converts into liquid rather rapidly. You can sit around and wait, but wouldn't you rather add a little heat so it'll melt before you choke?
What is "liquidity?" If an investment is "liquid," then it's easy to buy it and sell it and convert it to cash in a relatively short period of time. The real estate market has lost a lot of its … (0 comments)

 
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Dawn Rickabaugh - Note Queen

Pasadena, CA

More about me…

Dawn Rickabaugh (Note Queen) Owner Financing Consultant

Address: Temple City, CA, 91780

Office Phone: (626) 470-3477

Email Me

Note Queen Capital buys seller financed notes across the country, showing sellers how to get cash even when they carry. Owner Financing gets sellers top dollar for their property. We make sure they get top dollar for their paper.


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