Private 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. JTR Private Note Investor is a buyer and broker 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. As the owner of a private mortgage note you can..... receive a lump sum of cash for a sale of your note. sell a percentage (such as one half) of your note. sell a specified number of monthly payments. sell your balloon payment (if applicable). any combination of the above.
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