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  • Casual Articles - A Crash Course On The Payout Options Available To You When Selling A Mortgage Note

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    verts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to rece

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    Okay, let's take a look at the typical payout options:

    Full Purchase - The investor buys the entire note. This alleviates the seller of the responsibility to collect payments in the future.

    Straight Partial - The investor purchases a predetermined number of payments in order to meet the seller's cash requirements. After the last payment of that predetermined term ends, the balance on the note reverts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to recei

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    ire note. This alleviates the seller of the responsibility to collect payments in the future.

    Straight Partial - The investor purchases a predetermined number of payments in order to meet the seller's cash requirements. After the last payment of that predetermined term ends, the balance on the note reverts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to rece

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    aight Partial - The investor purchases a predetermined number of payments in order to meet the seller's cash requirements. After the last payment of that predetermined term ends, the balance on the note reverts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to rece

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    s cash requirements. After the last payment of that predetermined term ends, the balance on the note reverts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to rece

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    verts back to the seller.

    Reverse Partial - The seller receives a lump sum and continues to receive the full payment amount for a specified period of time. This solution is appropriate when the seller needs a large amount of cash at closing but also wants to receive the monthly payments for a while.

    Split Payment - The investor purchases half of the seller's monthly payment; the seller continues to receive the income from the other half.

    Balloon Only - The investor purchases only the balloo

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