What About the Payer? - NoteInvestor.comFAQs скачать в хорошем качестве

What About the Payer? - NoteInvestor.comFAQs

All right, today's question for the NoteInvestor FAQs: What happens to the payer, the person making the payments if a seller finance note is sold? The answer: absolutely nothing. The only thing that changes is where they mail the payment. Matter of fact, if you've had a traditional mortgage, you might have gotten a notice that your bank sold to another bank. Nothing changes. That deal's set, so nothing changes. Only where you might be asked to mail your payment. Same goes for seller-financed notes. And if you work with the servicer, which is a third party company that collects the payments for the buyer and the seller, they will take care of that. Now, when the place of payment changes, of course, that payer has to be notified. There are rules and laws about notification by mail with a certain amount of time on where to make the payer should make their new payment. But, the payment amount, the interest rate, that's all set. That doesn't change, just where they send their payment. For an entire free Mini-Course on Discovering Notes, go tohttps://noteinvestor.com/101/ See you there! #RENotes #NoteBuyers #SellerFinancing #OwnerFinancing #MortgageNotes #PassiveIncome #WealthBuilding #NoteInvestor