Real Estate Notes - Mortgage Notes Inc. a purchaser of Trust Deeds, Mortgages, Real Estate Land Contracts.

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Real Estate Notes

We purchase Firsts, Seconds and Third Trust Deeds and go up as high as 80% loan to value. Let us look at all of your 80-10-10. An 80-10-10 purchase is a purchase consisting of 80% purchase money first mortgage, with a 10% down payment and a 10% seller carry back. This concept many times facilitates the sale of real estate when a borrower's credit score is low enough to cause the lender to fund only 80% of the acquisition cost and the seller is obligated to carry 10% of the equity in the form of a second Trust Deed carry back after the borrower has complied with a 10% down payment requirement. Now, this is where Mortgage Notes, Inc. excels and that is, that we will buy the second Trust Deed carry back in its entirety once a payment history of three payments has been established.