Potential Clients of Private Note Holders

The private note holder industry is one of the greatest opportunities available in the market regardless of the economy. There will always be opportunities in this industry for someone to make money. If you know anything about real estate and the value of the industry, then you know about cash flow. If you have cash flow then you have wealth. Many people will start buying financial notes from the seller to create this cash flow. Other times promissory notes are created to facilitate the sale of a property but the holder does not want to retain the cash flow. It doesn’t really matter why they don’t want it. Maybe there are other interests that they want to put the money into or maybe they just want to have the cash now. Whatever the reason, there are many private note holders who would prefer to sell the note they hold for cash. For them, immediate cash is king.

If you are looking to work in the note business as a broker or beginning note buyer, then it is important to have the right list of note holders so that you can communicate with these potential note sellers. It’s also important to understand what such a prospect list really is and what your expectations should be. It is true that there are many of these ticket holders who do not want to keep the ticket they ended up with. However, it is not true that any business can provide you with a note holder lead list that contains exclusively people who want to sell. Non-headline lead lists are simply public record data that has been collected for marketing purposes.

There are a few important things to understand before purchasing a Mortgage Note Holder Lead List. The first is to understand the data and recognize it for what it is. With many lead lists, the data is simply pulled from the current addresses and updated with the name and address that now exists. This type of list is not a specialized list. When dealing with a more specialized list, such as potential customers of the Seller’s Financial Note Holder, the data you are looking for is specific to the document that was registered and not the current address or name. With the list of private mortgage holders, you are looking for data that was often recorded years before. What you are looking for is the action of creating the private note.

Once you understand that data is often “old” data due to the nature of the information requested, you can move on to understanding statistics. Educate yourself on the possibilities of what may have happened since that note was created. The best possible option is that the note has been created and the seller or holder of the note still lives at the same address and there were no errors in registration and wants to sell.

However it is not always so. Many times the note is created and then the seller moves on. Other times, the house he used as his address is later demolished and a new subdivision is created in its place. There are many situations and changes that can occur that can cause the originally registered address to no longer be valid for a shipment. This does not make your list a bad list. After all, you are looking for a specific fact and not a specific person, right? You are looking for a note that was recorded. No changes are required to public record filings that will allow you to pursue a note holder once they move or the address is no longer valid.

So when shopping for a ticket holder lead list, you need to understand the statistics and be prepared for them. Because you are looking for a specific event in a public record, it is possible that 20% to 50% of the note holder’s primary information is no longer a delivery address. You will receive cards that are returned to you stating that they are undeliverable. However, of those who reach your goal, you will have a lot of value in helping you achieve your goals.