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Residential Owner Financed Private Residential Mortgage Notes, or as they are sometimes known, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that are the result of a seller of a single family home, condominium, multi-family residence or other residential or commercial building providing some degree of finance to the new buyer of the dwelling at the time of closing. They can be for the full amount of the mortgage on the sale (first position notes) or can be partial (second position notes) behind a traditional mortgage lender.
DataMax Marketing Systems, Inc. is a
buyer of private mortgage notes. If you are the holder of a private
mortgage note receiving monthly or quarterly payments and would like a lump
sum of cash for any reason, we can help. When selling your private
mortgage note you can.....
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purchase a new home or vacation property. FREE, No Obligation Confidential Quote You can receive a "no obligation" confidential quote on your private carry-back mortgage note from DataMax Marketing Systems, Inc. by simply completing our note request quote form (Adobe Acrobat Reader Required) and faxing it to our underwriters. A representative will contact you within 24 hours to begin processing your request. If you have difficulty downloading our forms, you may also request a quote by mail.
While owner carry-back mortgages can often provide the catalyst to get the deal done, many sellers are reluctant to hold mortgage paper for lengthy periods of time. Before you structure your deal, contact us regarding how to make your private mortgage attractive for resale at a later date if necessary
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Datamax Marketing Systems
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