Business Terms and Jargon Explained
What is Note Buyers
These are businesses that buy notes relating to real estate, business etc. The real estate notes could be
1) Trust deed
2) Mortgage note
3) Land contract
Most note buyer will buy any note that can be sold at a profit in any market, but most deal only with real estate. These are then bought or held on to whichever is most profitable at the time. The main objective for the person selling the note is to raise equity (cash).
The note buyers can be brokers or they are buying direct from the public. Also know as fund raisers
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Term created / updated 2006-03-15 16:43:01
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