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Amerinote Xchange Blog

We have been purchasing notes, mortgages and real estate contracts for over a decade and we pride ourselves on a unique client experience at the best price possible.

Promissory notes and loan agreements are documents that outline the details of a loan. They both outline the terms of the loan, including repayment terms, and act as legal documentation with remedies should a loan go unpaid.  Although promissory notes and loan agreements are similar, there are key differences between the two.  For example, promissory…

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Posted by Jennifer Park on December 15, 2022 | 0 Comments

Selling a property can be a long and arduous process, especially if you’re looking to get the best return on your investment. Many real estate investors are unaware of the 721 exchange, which can help them get a lump sum for their property while deferring taxes. By leveraging the 721 exchange, real estate investors can…

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Posted by Jennifer Park on October 14, 2022 | 1 Comment

Selling your home at a profit is a financially rewarding experience. However, knowing what to do with home sale proceeds can be difficult. There are several options to consider: you can invest the money from the sale of your home, use the money to pay down debt, or purchase another property. In this article, we’ll…

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Posted by Jennifer Park on September 15, 2022 | 0 Comments

According to the most recent census data, there are approximately 1,363 land trusts in the United States. Put simply, a land trust is a tool used in estate planning to help real estate assets avoid probate. If you’re wondering what a land trust is and how it works, keep reading. Armed with this knowledge, you’ll…

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Posted by Tara Mastroeni on June 23, 2022 | 0 Comments

Unfortunately, real estate is not always guaranteed to be a good investment. Sometimes you can find yourself owing more on your home loan than the property is worth. When that happens, you may think about simply walking away from your mortgage.  If you’re thinking of going this route, keep reading. We’ve compiled all the info…

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Posted by Jennifer Park on April 27, 2022 | 0 Comments

Assumable Mortgage 101: How Can Someone Take over Your Mortgage? If you’ve ever asked the question, “Can someone else take over my mortgage?” you’re in luck. There is a way to allow someone else to take over responsibility for a mortgage. In real estate, these loans are known as “assumable loans.”  Although they are not terribly…

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Posted by Tara Mastroeni on February 15, 2022 | 6 Comments

If you’ve recently had a loved one pass away, you may be wondering what happens to a mortgage when the borrower dies. Unfortunately, there is no one cut-and-dried answer to this question. It depends on who applied for the loan and whether or not the surviving family members want to keep the property.  In light…

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Posted by Tara Mastroeni on November 12, 2021 | 0 Comments

Put simply, “judicial foreclosure” is the legal term used for a foreclosure that goes through the local court system. However, there is much more to this type of foreclosure than just knowing that courts are involved. With that in mind, we’ve created a guide to the process below. Keep reading to learn what you need…

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Posted by Tara Mastroeni on October 15, 2021 | 0 Comments

What’s Included in an Owner Financing Contract Template? A Guide for Buyers and Sellers While it’s easy to find an owner financing contract template online, it’s not always easy to understand what all the legal terms mean. With that in mind, below is a guide to the most important information that needs to be present…

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Posted by Tara Mastroeni on March 11, 2021 | 0 Comments

At some point, everyone who’s interested in financing real estate has asked themselves the question, “What is a balloon payment on a mortgage?” While most balloon payments are no longer allowed to be part of most qualified mortgages for consumer purposes, it’s important to note that they can still be used in non-traditional financing arrangements…

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Posted by Tara Mastroeni on February 9, 2021 | 0 Comments