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List your seller financed mortgage for sale

Writing a Mortgage for Sale listing that will get you the most money

What a mortgage buyer wants

The fear of loss is always greater than the desire for gain. People will not buy your mortgage, even with a high interest rate, if they don't think they will get their money back.

Writing your listing.

First you need to create your FREE User Account.

Then you need to create your FREE Mortgage for Sale Listing (You will need to log into your User Account or create one free).

There are five parts to your FREE Mortgage for Sale listing:

1. The Category to place it in

Select "Place Mortgage for Sale Listing" from the five options given. A new window will open.

First check your contact information is correct. Especially your email address. And check it every day.

Now, does your listing belong in Homes, Farms Ranches and Vacant land, Mobile Homes, Investment Property or Other?

Some listings belong in more than one section. A house you are buying to rent out for example. We recommend you create two listings, under Homes and also Investment Property.

2. The headline.

Someone seeing your listing will make an instant judgment as to whether or not to read on based on your headline. Is it a New Purchase or a Refinance? What single compelling thing is there about your mortgage? Here are some good examples of headlines:

Will discount: Need cash now.

Perfect Payments: Not one late payment in 5 years.

Offered by Note broker: All due diligence done. Need investor or co-broker.

3. The fill in and checked boxes

Try to give the lender as much information as possible.
What is the property worth? How much do you want to borrow? Is this a first or second mortgage request? Do you have good credit? What is your interest rate goal (is this goal realistic)? How long do you want the loan for?

4. Your story.
Description of Real Estate/Borrower/Financing Terms including any Balloons/Prepayment penalties/Late charges

Fill in here the facts about this transaction.

Answer the 4 Cs.

What is the Collateral. The street address of the property. It's size, what it is worth and how you got that value (recent purchase, comparable sales in area, appraisal etc.) For more information on what lenders like to know about the real estate.

How is the borrowers Credit? You should have got a credit report on the borrower when you originated the mortgage. If not you can either ask the borrower if they know their credit score or ask them to run a credit report and give you a copy. They are probably not required to do this. So suggest that you will pay for it and it is to their advantage to know what their credit is like and also check for any false information on their credit report so you can get it removed. Obtain their credit report on line. Otherwise the mortgage buyer may be able to run a credit report later.

What is their Commitment? How much of a down payment did they make?

What is their Capacity to repay this mortgage? Briefly, how much do they make, what is their career and how long have they been employed there. What other regular debts do they have?

Financing Terms including any balloons, prepayment penalties and late charge

Does the mortgage fully amortize, or does it balloon? If there is a balloon, when is it due and what will the balance be then? What is the interest rate? Is the interest rate fixed or does it vary? if it varies, how and why?

5. Upload your documents so they are viewable on-line

Every response you get, and you will get plenty, will want to see a copy of the mortgage and note. So save yourself a lot of time and upload them just once to our system. Make sure you first cover over any confidential information, such as social security number. Learn how to do this.

Place a FREE listing for your Mortgage for Sale (you will need to log into your User Account or create one free).

Find a Mortgage or Note Buyer (you will need to log into your User Account or create one free).

Please delete your listing when your mortgage is sold. Thank you.

Typeface. And also, PLEASE, write in regular upper and lower case, not in ALL CAPS. Large blocks of text in all caps are hard to read. See for yourself below:

This paragraph is written in upper and lower case. It is easy to read. Making your listing easy on the reader's eyes will increase the likelihood they will read your listing. Now try to read the paragraph below.

THIS PARAGRAPH IS WRITTEN IN ALL CAPS. CAN YOU SEE HOW IT IS HARDER TO READ THAN THE PREVIOUS PARAGRAPH? MAKING IT HARD FOR YOUR READER TO READ YOUR LISTING WILL MAKE IT LESS LIKELY THEY WILL READ IT.