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BROKER/OWNER RESOURCES
NOTE OWNERS/BROKERS/FINDERS!
Note Funding Center wants to do business with you!
We have unlimited funds to buy your notes, annuities, cash-flow instruments and note Portfolios at the highest price. We have always been the provider of the highest cash... for 30 plus years and we will continue to be. Why? Because we use our own funds so our cost-of-money is far less than other buyers.
For the Note Portfolio Owner or Broker, we provide you FREE Cash quotes, personalized service, creative structures and timely closings. Our 30 year tenure works to help you close easy and difficult note and portfolio sales. Note and Note Portfolio Owners and Brokers can expect and receive the best VALID, clear quote, your own personal Note Processor and timely closing/funding.
CLOSE 50% MORE DEALS! Use our VALUE BASE™ to close deals! We are the only company that provides you with specific, valuable market and structure information about every note or portfolio you present. Use it to your advantage! Remember to request VALUE BASE™ as part of your Note or Portfolio Presentation request. located at Note Owner or Portfolio Owner or Broker.
Note Funding Center supports beginner through expert Note Owners, Portfolio Originators, Banks, Service, Wholesalers, Owners, Brokers and Finders. Different than others, we allow you to determine the level of involvement and fee. Plus, valuable personal support.
Our high quotes, support, VALUE BASE ™ and service is complemented with dedication to you, your valuable asset and your professionalism.
We look forward to working with you to close many transactions. Now, let's get started: START BELOW LEFT.
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Start Here:
Now that you have read our Welcome above, it is important to know how to work together.
We suggest you Bookmark this page.
FREQUENTLY ASKED QUESTIONS:
1. REGISTRATION:
- Your registration with us is not necessary.
- The first time you present a note to us, your name and contact information is recorded along with the note information, date and time you presented the note according to our PRESENTATION REQUIREMENTS below.
2. FINANCIAL INSTRUMENTS WE CAN BUY:
- In the third column to the right you will find the types of Financial Instruments we can buy followed by our basic criteria for each.
- It is important to check the third column frequently because the criteria changes due to market conditions.
3. FINANCIAL INSTRUMENT PRESENTATION:
- Presenting a Financial Instrument for sale and quoting is easy. Simply complete our online Information worksheet located at CASH-PURCHASE-QUOTATION REQUEST or by clicking on your note type in the column to the right.
- Once you have completed the worksheet, your name (as you entered in the field 'Name:') will be recorded with this note.
- The first Broker presenting a complete note worksheet is recorded as Broker of Record for that note.
- It is important to know we provide the same quote to the first four Brokers presenting the same note, in complete worksheets.
- Depending on your fee arrangement with your note owner and/or us will determine who wins the deal. Meaning that you may offer a higher net price to the note owner than another presenting broker and the note owner decides to go with you.
4. PRESENTATION REQUIREMENTS:
- You must be in direct contact and agreement with the actual Financial Instrument owner.
- If you are one step down on the ladder, you must have a provable presentation and fee agreement with the party you got the note from.
- No Broker Chains. Broker Chain deals never close.
- Presenting a Financial Instrument to us requires total completion of our Online Cash-Purchase-Quotation Worksheet.
- The single most important worksheet answer is the CURRENT PAYOR THREE CREDIT SCORES.
- Without credit info you will receive a 'Preliminary' or 'Subject To XXX Credit Score' Quote. Think about it as an Investor!
- We cannot record nor respond to incomplete note worksheets.
5. FEE
- Your Broker or Finder fee is determined by you on single notes.
- We will present you with a Cash-Purchase-Quotation to buy your presented note according to the included 'Subject To' provisions included with the quote.
- If you told us in the completed worksheet Comments section that you wanted us to perform all the contact, negotiation and closing with the note owner, your fee is what YOU also state there and is then stated in our emailed quotation to you.
- If you told us you wanted to perform all the negotiation and work required to close the deal, your fee is the difference between our wholesale quote to you and your net quote you provide your note owner.
- Either way, you will receive a check from us. Simple!
6. MY NOTE OWNER SAYS HE/SHE HAS A HIGHER PURCHASE QUOTE?
- If your Note Owner says he/she has a higher quote for the note simply ask for written proof.
- Once you have written proof, just email or fax us at private@notefundingcenter.com or Fax: 858-764-2731 attaching the written proof. We will evaluate it and tell you everything you need to know... including a better quote and terms if appropriate. Remember, price is just one of many reasons for a note owner to select you as their Note Broker. We are here to help you!
6. QUESTIONS?
- Who do I call or email if I have questions?
- Call Dave at 858-964-0973 or dc@notefundingcenter.com. Dave is our founder and involved with every transaction. Plus he is a 33 yr. veteran of the Note Buying Industry, considered the industry authority, speaks, writes, teaches and publishes. He can help improve your skills and enhance your income.
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Present your Note/Mortgage/Contract by clicking on your Note Type below:
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FINANCIAL INSTRUMENTS WE CAN BUY from Owners, Brokers and Finders plus Basic Buying Criteria. As of August 2008.
NOTE: As the 33 yr old, premier Note Buyer in the US, we can tell you that your note payor's current credit scores directly impact the amount of cash we can pay you for your note. Knowing your payor's scores is your Federal Legal Right, at all times and without their consent. You can obtain the scores at http://www.freecreditreportsinstantly.com/creditreport/d2/3in1.aspx The scores question is asked on our note quote request worksheet. The exception is note portfolios.
1. REAL ESTATE NOTE, MORTGAGE , DEED or CONTRACT (Single and Multi Family and Commercial property):
- 1st Position Note, Mortgage, Contract for Deed or Trust Deed Buying Criteria:
| -- Min. $25,000 UPB |
| -- Max. 90% CLTV |
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-- Min. 3 mths Seasoning
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| -- Simo Close on Case by Case |
| -- All States |
| -- Min. Mid FICO of 625 |
| -- Value-Added Brokers welcome |
| -- CURRENTLY NOT BUYING 2nd POSITION NOTES. |
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| -- Max. 100% CLTV |
| -- Min. 6 mths Seasoning |
| -- All States |
| -- Most FICO scores accepted |
| -- Expect pricing of 10-50% |
| -- Value-Added Brokers Welcome |
2. BUSINESS NOTES Buying Criteria:
| -- 1st position Note with or without Real Estate |
| -- Min. 25% Cash Business Sale D.P. |
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-- Min. $50,000 UPB
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| -- Max. $10M UPB |
| -- Min. 2 mths of Seasoning |
| -- 630 Min. Payor FICO Score |
| -- Personal, Public or LLC Guar. |
| -- Provable Note Performance |
| -- Full and Partial Note Sale |
| -- Full Docs |
| -- Value-Added Brokers Welcome |
3. LAND NOTES, MORTGAGES AND CONTRACTS Buying Criteria:
| -- CURRENTLY NOT BUYING LAND NOTES. |
-- Improved or Unimproved
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| -- Min. 30% Cash Down Payment |
| -- No Note or Deed Release Clauses |
| -- Value-Added Brokers Welcome |
4. MOBILE HOME NOTE, MORTGAGE OR CONTRACT WITH LAND Buying Criteria:
| -- Must include Land Ownership |
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-- Min $25,000 UPB
| -- Double Wide Homes Only |
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| -- 630 Payor FICO Score |
| -- Value-Added Brokers Welcome |
5. SIMULTANEOUS CLOSE NOTE Buying Criteria:
| -- Case by Case Basis |
| -- 1st postion notes only |
| -- Near-Simo-Close |
| -- Value-Added Brokers Welcome |
6. NOTE and REO PORTFOLIOS Buying Criteria:
| -- Presentation ONLY by portfolio owners or authorized compilers, servicing companies or licensed traders. No brokers, finders, intermediaries. |
| -- We buy Real Estate Portfolios that are Non-Perfoming or Performing 1st and 2nd position Notes and REO's. |
| -- $10M to $1B |
| -- Must submit detailed Tape or detailed Summary along with contact and authorization info and expected sale price |
| -- Process is: All proofing done in Tilte and Escrow |
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Copyright 2008. Note Funding Center. All Rights Reserved.
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