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Let me give you an example:
You have a $50,000 note you need to sell. Although you could sell only a few payments or whole note, for this example, let's say you wish to sell whole note.
You do a search on internet and find a long list of brokers hawking phrases at you like, We can get you top dollar for your note..." and like.
So you choose one and give them basic information about your note so that they can give you a quote on what you could expect to receive for your note.
So, broker calls you back after speaking with an "actual investor" about your note. The investor has told broker that he'll pay, say $41,000 for your note.
Your broker says to you, "We can pay you $37,500 for your note.
He explains whole reason notes are discounted but never mentions that other $3,500 discount you had to take because of his broker fee.
So, without ever discussing fees, you just paid $3,500 to have a guy make a phone call on your behalf to an "actual note buyer/investor.
***A Smarter Way To Sell Your Note***
What I am about to reveal to you is subject of many nasty emails I get from other brokers....angry brokers.
Angry because what I am about to tell you takes money out of their pockets and puts it back into yours.
All brokers are in possession of a "little black book" of "real note buyers and investors".
Private individuals mostly but it also includes institutional note buyers.
Check it out yourself. It's called $67 Solution! You can find and use it risk-free by going to: www.mortgagenotecash.com/directaccess.htm
Frederick Webb is a Certified Cash Flow Consultant and resident of Webb Funding Group, a small debt brokerage agency he runs with his wife, Kashita Webb.
For more information, visit: www.mortgagenotecash.com