How To Find Notes Book & Software

OWNER WILL CARRY:

How To Take Back A Note Or Mortgage Without Being Taken

(205 page e-book PLUS software download PLUS contracts PLUS forms PLUS bonus articles — Reg. price $59.92, now just $29.97!)

 

INCLUDES WINDOWS SOFTWARE & FORMS!

 

by Bill Broadbent & George Rosenberg

SOLD OUT OF THE BOUND EDITION

BUT THE E-BOOK AND SOFTWARE DOWNLOAD (INCLUDING THE CONTRACTS, FORMS AND BONUS ARTICLES) ARE STILL AVAILABLE.

ORDERED SEPARATELY THE PACKAGE IS $59.92.  SPECIAL BUNDLE PRICE FOR THE E-BOOK + WINDOWS STEPPED PAYMENT SOFTWARE + CONTRACTS + FORMS + BONUS ARTICLES:  JUST $29.97!

OR CALL 1-800-542-2270

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owcbookcd


 

Do you want to find more notes? Who doesn’t? And we at THE PAPER SOURCE, after many years of hard-knocks experience, are convinced that one of the best sources of notes is from people who come into contact with them every day. Among the best of these “networking” sources are real estate agents. This e-book shows you how to explain to real estate agents and home sellers how to sell property faster using owner financing — who will then think of you when they need to sell the notes! Complete with forms and documents! This 205-page e-book + bound book, Owner Will Carry: How To Take Back a Note or Mortgage Without Being Taken, shows how to safely structure both a down payment and/or a carryback note for maximum value now. Later if the note holder needs cash for the note, it will command a top price because of its safe and secure structure. The major focus in this book is directed toward the sale of real estate using seller financing. The principles explained in this book also apply to carrying a note secured by almost any asset, including but not limited to: a car, boat, airplane, mobile home (w/o land), a business (w/o real estate), stamp collection, tractor, machine, or other equipment, to name just a few examples. Owner Will Carry shows the proper structure of a note so that it is safer if held for income and saleable at the highest price if sold. Sellers, buyers, real estate and mortgage investors can benefit from the authors´ combined 80 years experience in real estate. Just $29.97 for the e-book AND stepped payment software.

WHAT ARE STEPPED PAYMENTS AND WHY CAN THEY BE ONE OF THE MOST USEFUL TOOLS IN YOUR BUSINESS ARSENAL?
See http://papersourceonline.com/stepped-payments-the-most-useful-tool-youve-never-heard-of/

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GET THE E-BOOK + WINDOWS SOFTWARE DOWNLOAD + FORMS + CONTRACTS + BONUS ARTICLES RIGHT NOW!  ALL FOR JUST $29.97

OR CALL 1-800-542-2270

————————————————————————————————–

 

For Consumers & Investors For Real Estate Agents For Note Brokers

BILLBROADBENT

Bill Broadbent, co-author of Owner Will Carry (see his bio below)


NOW INCLUDES MORE FORMS, ARTICLES &

STEP-PAYMENT AMORTIZATION SOFTWARE!


 

The authors have acquired a step payment amortization program for sellers, buyers and note investors, now included as a bonus supplement with the e-book Owner Will Carry. The following articles and interactive forms (you can customize them repeatedly) are also included as downloads: Interactive Forms Included On The Bonus Download + CD: 1. Agreement for Performance Deed of Trust 2. Collateral Note and Pledge Agreement 3. Credit Report Authorization (for note purchase) 4. Credit Report Authorization (check your own credit) 5. Memorandum (to record) of Note Modification 6. Modification of Promissory Note 7. Non-Acceleration Letter to Lender 8. Plain English Promissory Note and Trust Deed 9. Promissory Note Unsecured 10. Promissory Note (Pledge of Collateral) 11. Notice of Balloon Payment Due 12. Straight Note Articles Included On The Bonus Download + CD: 1. The Importance of Loan to Value (LTV) 2. The Case for Stepped Payments 3. Who Benefits from Stepped Payments? 4. Tax Opinion: Donating a Note to Charity You get the 205-page Owner Will Carry e-book, all the contracts, forms and articles above, PLUS the step payment amortization software, INSTANTLY as downloads when you place your order. Just $29.97 for everything! (Software only available in Windows).

OR CALL 1-800-542-2270

 

What Is In Owner Will Carry?

We begin by defining seller carryback financing. We then discuss the terms used and explain their definitions and their functions. Some relatively new terms are introduced and explained throughout the book. Documents used are defined here and are shown throughout the book. We introduce our cast of characters and tell the part each plays. By using these characters, we hope to make our examples come alive. We focus on the advantages and disadvantages of seller carryback financing to both seller and buyer. Seller and buyer checklists for using carryback financing follow. References:

  • Seller carryback financing defined
  • Terms used
  • Documents used
  • Cast of characters introduced
  • Advantages to seller and to buyer of carryback financing
  • Checklists for sellers and buyers for using carryback financing

CHAPTER 2: Negotiations “If you never remember anything else from this book, remember that all elements of a real estate transaction are negotiable.” That quote from the chapter sets our stage. We introduce the time value of money concepts of “MORE SOONER IS BETTER´ and “LESS LATER IS BETTER.” Then Sam & Sally Seller meet Bob & Betty Buyer. An example of a transaction that includes a simple seller carryback negotiation and transaction follow. References:

  • Negotiable elements of a real estate transaction
  • Time value of money concept introduced
  • Example of seller carryback financing

CHAPTER 3: Items to Consider When Drawing A Note What items should be in a note? Better, what items must be in a note? We tell that here. Then usury (charging too much interest) and imputed interest (charging too little interest) are discussed. Late charges – when and how to use them – along with a sample late charge clause come next. Understanding the prepayment penalty and appropriate language for its use follow. Then the due-on-sale clause and a sample of same is shown. Each is related to a note and shown by example. References:

  • Items that need to be in a note
  • Other considerations: Usury, imputed interest, late charges, prepayment penalty, due-on-sale clause

CHAPTER 4: Alternative Financing Structures First we had to set the table. Now comes the main course. Are two or three carryback notes better than only one? The protective equity concept is illustrated by example and emphasized as an important theme. This is critical information for those people who structure, buy, sell, or invest in notes. How can sellers improve their security before agreeing to carry a note? A discussion of seller carryback notes with existing assumable financing follows, first with a balloon payment, then with wraparound (all-inclusive) financing, complete with detailed examples of each. Yields to the seller are compared for each variation. References:

  • Using multiple carryback notes
  • Assuming existing financing with a balloon payment
  • Improving security on a note with a wraparound loan

CHAPTER 5: Balloon Payments The pros and cons of balloon payments are aired. Different methods of calculating a balloon payment are explained. We give sample wording for a balloon payment note. Not content with having floated a balloon, we now show how to defuse it, so it doesn´t become a problem. Even better for both buyer and seller, we show how to avoid a balloon payment and its inherent problems. References:

  • Pros and cons of balloon payments
  • Sample balloon payment wording
  • How to defuse balloon payments
  • How to avoid balloon paymentsWe begin by defining seller carryback financing. We then discuss the terms used and explain their definitions and their functions. Some relatively new terms are introduced and explained throughout the book. Documents used are defined here and are shown throughout the book. We introduce our cast of characters and tell the part each plays. By using these characters, we hope to make our examples come alive. We focus on the advantages and disadvantages of seller carryback financing to both seller and buyer. Seller and buyer checklists for using carryback financing follow.References:
  • Seller carryback financing defined
  • Terms used
  • Documents used
  • Cast of characters introduced
  • Advantages to seller and to buyer of carryback financing
  • Checklists for sellers and buyers for using carryback financing

CHAPTER 6: To Keep, Sell, Exchange, or Borrow? That is THE question. Now that the seller has carried back a note, we explain, then evaluate each alternative. Calculations show: How to amortize a note (several ways), how to discount a note (several ways), and how to use a financial calculator for fun and profit. Handling note collections, transfer by assignment vs. endorsement, and finding a buyer for a note are explained. Loan to value ratio ranges, discounting, and restructuring are illustrated. Examples of exchanging a note at face value are discussed. Here´s another BIG bonus: New material here on the Memo of Modification. We´ve never seen this information anywhere else! References:

  • Alternatives: Keep, sell, exchange the note or borrow on it?
  • Calculations for amortizing and discounting
  • Different ways to raise cash from an existing note

CHAPTER 7: Agency Issues Involving Trust Deeds and Mortgages Answers some questions: Who does your real estate agent represent? How can consumers tell which agents understand how to maneuver paper? Private lenders and note investors: Who is looking out for you? Loan brokers, agents and others buying and selling notes: Do you have your agency hat on straight? And, using our Agency Disclosure Document, we show how each agent should document his or her representation in a real estate transaction. References:

  • Agency issues as applied to real estate agents, private lenders, note investors, loan brokers, note sellers, note buyers and note brokers
  • Using an Agency Disclosure Document

CHAPTER 8: What´s Wrong With An 80-10-10 Sale? The reader now learns what an 80-10-10 transaction is. By understanding the risks and pitfalls involved, you will learn how to turn a potential lemon into lemonade. A novice seller can lose his shirt by not knowing how to dramatically reduce the risks involved in an 80- 10- 10 deal. Agents learn how to protect their client and themselves. We tell you how to avoid the pitfalls. What may seem like a shaky deal can be turned into a solid transaction. Tune in here to find out how. We show you two alternative methods to dispose of a 2nd that originated in an 80- 10- 10 transaction. How safe is a first mortgage when the down payment is less than 10%? Let´s look at a foreclosure situation, run some numbers and see! References:

  • Risks of an 80-10-10 transaction
  • How to reduce most of the risk on a carryback 2nd in an 80-10-10 transaction

CHAPTER 9: How To Reduce The Seller´s Risk When Carrying Back A Note

  1. How to reduce the risk of not being paid the balloon payment.
  2. How to structure a carryback note to minimize risk.
  3. Using a deed of trust on another property as additional security to secure an existing T/D note.
  4. How to use existing notes to give you, the seller, added protection.

Here we discuss the tax consequences of assigning a secured note as collateral for another loan. Bet you didn´t know! When you are looking for property with seller financing, you need to know who and what to look for. You may need the help of a Buyer´s agent. We tell you what to look for in property and in a Buyer´s agent, to enhance your chances for a successful transaction. References: How to reduce risk to the seller when s/he is asked to carry back a note:

  • When a balloon payment is involved
  • By properly structuring the note
  • By using a buyer´s existing or created note

CHAPTER 10: A “No Money Down” Transaction vs. A “Nothing Down” Deal What´s the difference? Plenty! In a “nothing down” deal the buyer has nothing to lose and the seller may lose all. In the other the seller is well-secured and the buyer has responsibility. We go into great detail with examples showing how each one works. Learn how to use the system to give you as a seller much more protective equity! Agents should understand these concepts so they can benefit and protect their clients. Properly used, these techniques mean faster sales, more transactions and commissions. References:

  • What is a “no money down” transaction?
  • What is a “nothing down” transaction?
  • How each one works

CHAPTER 11: The Substitution Of Security/Collateral Alternative Don´t be frightened by the title. Or confused. Simply put, a seller may obtain better security for his carryback note than his own property! Why and how to do it? Fully discussed with supporting forms to illustrate. Many agents and consumers don´t know about security substitution. Learn how safe and simple the process can be. Why and how it can be the superior alternative to subordination. References:

  • How to use something other than the property being sold to secure a carryback note

CHAPTER 12: To Prevent Surprises, Here Is A Checklist To Use Before You Agree To Carry Back A Note Or Before You Buy an Existing Note No, this chapter is not out of place. We needed to lay the groundwork by examples for the points discussed here. The examples shown throughout the book are used to refer to a seller´s or note buyer´s checklist of requirements. Here Bill Broadbent shows HIS PERSONAL LIST of 15 points to check before carrying back a note, funding a loan, or buying a note at discount! Important, This chapter provides sample forms and references to guide you. References:

  • Checklist for either carrying back a note or for buying a note
  • Sample forms to use with the checklist

CHAPTER 13: Use Of Multiple Notes For Flexibility At this point the reader understands how and when to use lst, 2nd and 3rd trust deeds and/or mortgages. Ah! but more complex situations may arise. These involve: Divorce, dissolving a partnership, settling an estate. Each may call for multiple notes. Learn how to handle each. Examples and forms we have used will give you an idea how to do it. When the transaction calls for using multiple notes, know how! Be sure to tailor each form to fit your specific situation. References:

  • When and how to use multiple carryback notes

CHAPTER 14: Other Uses For Trust Deeds And Mortgages What? More uses? How can that be? Well, this chapter alone is worth many times the price of this book! Learn how a guarantor (co-signer) on a note, who is not on title to the property, can protect himself if the primary borrower defaults. Wonderful information for those who can´t turn down friends and relatives when asked to guarantee (co-sign) a note. To wind things up, we suggest a unique and creative approach, the Performance Note. CHAPTER 15: Mobile Home Notes How they differ from real estate notes. We look at the near-term risk of changes in land space rent and the long-term risk of potential changes in park ownership and or land usage. Other variables pertinent to mobile home notes are examined. We provide suggestions to minimize risk when creating or buying mobile home notes. References:

  • Credit report authorization

CHAPTER 16: Tips For Selling Your Business and Taking Back a Safe and Salable Note What documents do you use when selling a business? Here are some perspectives on down payments, several of which are frequently overlooked. What items should be in a business note? Other important factors to consider when creating or selling, or buying a business note. References:

  • Credit Report Authorization
  • Promissory Note
  • Security Agreement
  • UCC I Statement

How to take back a note or mortgage without being taken “Owner Will Carry” or “Seller Financing” are magic words that make almost anything of significant value MORE SALABLE! As this simple diagram shows, your property will become more salable. There always MORE buyers with some cash for a down payment who could make monthly payments if someone would finance the balance of the purchase price. The ONLY ALTERNATIVE to either institutional financing or the rare ALL CASH BUYER is for the seller to become the lender who finances the sale. Seller Carryback Financing Defined: When the seller helps the buyer by acting as a lender, the seller may finance part or all of the sale. The term given to such seller financing is seller carryback financing. A seller is literally carrying back part of the financing on the property being sold. Some advantages of seller carryback financing to the seller…

  1. Getting a top price by taking terms rather than all cash.
  2. Deferring taxes now on any gain by using an installment sale.
  3. Receiving a higher interest rate than if you put the proceeds from a cash sale in the bank, a CD, or money market fund.
  4. Monthly income secured by property you understand and whose value you know.
  5. Larger number of prospective buyers and a quicker sale because you offer seller financing.

SELLER FINANCING or OWNER WILL CARRY are words you can add to your FOR SALE sign or classified advertisement. These words will attract a larger number of prospective buyers. “Owner will carry” sets your property apart from sellers who are waiting for that elusive all- cash buyer.Seller carryback financing applies to all types of real estate: Homes, land, mobile homes on a lot or acreage, small or large apartment buildings, condos, office buildings, farms, ranches, motels, senior care facilities, commercial, industrial, warehouse properties and special purpose properties such as theaters, hospitals and restaurants, to name just a few.This book, OWNER WILL CARRY, How To Take Back a Note or Mortgage Without Being Taken, shows how to safely structure both a down payment and/or a carryback note for maximum value now. Later if the note holder needs cash for the note, it will command a top price because of its safe and secure structure.Our major focus in this book is directed toward the sale of real estate using seller financing. The principles explained in this book would also apply to carrying a note secured by almost any asset, including but not limited to: a car, boat, airplane, mobile home (w/o land), a business (w/o real estate), stamp collection, tractor, machine, or other equipment, to name just a few examples.A seller of one of these assets who is reluctant to accept the personal property being sold as security for the carryback note should carefully read pages 120 through 127. Some buyers may be able to secure the note with an interest in real property they own, making the security much safer than just the asset being sold. If the seller needs assistance with the process, a real estate consultant should be employed on an hourly fee basis to help structure the transaction properly and maximize the safety, security and possible future salability of the note being created.Adding the words “Owner Will Carry” or “Seller Financing” can be the quickest way to change a “For Sale” sign to “SOLD”!

WHAT ARE STEPPED PAYMENTS AND WHY CAN THEY BE ONE OF THE MOST USEFUL TOOLS IN YOUR BUSINESS ARESENAL?
See http://papersourceonline.com/3408/stepped-payments-the-most-useful-tool-youve-never-heard-of/

GET THE E-BOOK + SOFTWARE DOWNLOAD + FORMS + CONTRACTS + BONUS ARTICLES RIGHT NOW!

ORDERED SEPARATELY THE PACKAGE IS $59.92.  SPECIAL BUNDLE PRICE FOR THE E-BOOK + STEPPED PAYMENT SOFTWARE + CONTRACTS + FORMS + BONUS ARTICLES:  JUST $29.97!

OR CALL 1-800-542-2270

 


About the authors: Bill Broadbent (San Luis Obispo, CA) Bill received his BS degree from Cal Poly in 1956 and MBA from Cornell University in 1958. He has been an active real estate broker and consultant in San Luis Obispo for over 38 years. Bill is president of Arnett & Broadbent Inc., a real estate firm specializing in real estate investment brokerage and consulting. In 1976 he became a charter inductee to the Exchangor´s Hall Of Fame and has won state and national recognition for his exchange transactions. Bill was the first broker in America to achieve both the prestigious SEC and CCIM designations. He has served the California Association of Realtors as local board president, state director, teacher and district representative to various committees. From 1970 to 1988 he taught an average of 4 seminars a year in a total of 18 different states. An active broker, consultant, investor, author and educator, he is best known for his specialties of Exchanging, Consulting, and Buyer Representation, all practiced under Single Agency, a term he coined in the late 1970s. Bill is a DOER of what he teaches. Insiders who have seen his work consider him “one of the best” when it comes to transaction structuring. He has used the techniques in this book for many years to benefit and protect his clients. In addition to his real estate investment brokerage and consulting practice, Bill has been buying trust deed and mortgage notes for his own account in over 36 states during the past 24 years. George Rosenberg (Thousand Oaks, CA) A personal note to the reader: Until I retired from brokerage in 1996, I made my living as a real estate broker. I have been licensed in California since ´57 and have been a broker since ´69. My practice was centered around Single Agency representation and involved Exchanges, Consulting, and Home Resales. Concerning home resales, I have tried for years to explain to agents and to consumers concepts which would either save money, make money or limit liability. My motivation to jointly author this book is that I have a vision. Someday, my vision goes, agents will act like agents; they will put their clients´ interests before their own; they will learn all they can about their work; they will convey confidence so that consumers will not be afraid of an agent´s always trying to sell them something. Agents who understand the simple principles in this book will benefit their seller clients, their buyer clients, and, so, themselves. Consumers who choose to be customers (one who does not employ an agent) will begin to seek client status (one who employs an agent) when they see how a real pro works. For example, how many agents do you know who will use multiple carryback notes secured by one trust deed or mortgage when settling an estate or when parceling out equities in a divorce? Not many. But, a whole lot more will after they read this material. My vision is about proper client representation. Creative structuring of seller carryback financing for the client´s benefit is part of that representation. More, of course, is involved. But, reading this short book is a great way to begin.


You get all the contracts, forms and articles above, PLUS the step payment amortization software, INSTANTLY as downloads when you place your order. Just $29.97 for everything. Remember, this is a 205 page E-BOOK with forms, contracts, articles and software that you will download (If you want a bound copy of the book a local copy shop can print and bind it for about $20.00)

More About Bill Broadbent

SPECIALIZED PROFESSIONAL COMPETENCE

  • Real Estate Counseling
  • Marketing real estate through use of exchange techniques
  • Tax deferred exchanges
  • Trust Deed Investments
  • Estate Building
  • Geographical solutions to real estate problems in or out of California
  • Planned Gifts (Funded by RE)
  • Buyer´s Representative
  • Consultant for various types of problems involving real estate ownership
  • Negotiator and Transaction Structuring
  • RE Note and other cashflow appraisals

PROFESSIONAL EXPERIENCE

  • Active 40 years in real estate brokerage
  • President, Arnett & Broadbent Inc., a firm of specialists in investments exchanges, consulting and group investments. Note Buyer/Investor
  • Successfully markets property on a local, state and interstate basis
  • Performs consulting services on a wide variety of real estate problems
  • Award – 1973 CREA “Best Exchange Under $250,000”
  • 1973 “Counselor of the Year,” by National Society of Exchange Counselors
  • 1979 FLI, “Best Transaction Over $250,000”

SPEAKER

  • Guest lecturer at California Polytechnic State University
  • Platform speaker at state and national conventions
  • Guest speaker in more than 18 states

EDUCATOR

  • Author and instructor of 3-day seminar, “Conceptual Bridges Between Property and People,” offered nationally since 1970
  • Author and instructor of 1-day seminar, “Opportunities for Collecting Noncontingent Fees,” offered nationally since 1977
  • Author and instructor of 1-day seminar, “How to Represent a Buyer”
  • Instructor, “Exchanges and Taxation,” California Association of Realtors
  • Chairman, Real Estate Advisory Committee, Cuesta College

AFFILIATIONS

  • Member and Past President: San Luis Obispo Association of Realtors Central Coast Exchangors
  • Active member, Central Coast Planned Giving Council
  • Society of Exchange Counselors (S.E.C.)
  • Certified Commercial Investment Member (C.C.I.M.)
  • Realtors National Marketing Institute
  • Marquis “Who´s Who in the West”
  • Panelist, American Arbitration Association
  • Charter Inductee, Exchangors Hall of Fame
  • Director of American Cancer Society (25+ years)

AUTHOR

  • Over 50 articles published in local, state and national media on the subjects of Buyer Representation, Agency, Exchanging, Note & Real Estate Investments.
  • Contributing co-author to four real estate books.

EDUCATION

  • BS degree Cal Poly 1956
  • MBA Cornell University 1958