If you are unable to make the mortgage payments, you will lose the house to foreclosure- there is nothing you can do at that point. The only option would be to convert to a chapter 7 to discharge any other non-mortgage debt. If you want to keep the cars (or any secured debt for that matter) you will need to KEEP making those payments.
One can purchase mortgage notes by getting in touch with an agent who specializes in mortgage notes. There are plenty of agents who can assist in the purchase of a mortgage note and advise on the best rates for a note.
Mortgage notes are considered a company asset and are transferred or sold to other servicing lenders. Most mortgage companies only service loans for investors "fannie mae, Freddie Mac, etc."
A number of companies purchase private mortgage notes. The Mortgage Buyer, Inc is one service which will purchase them after an appraisal and verification by the borrower. Brokers for mortgage notes includes Edward J Adams Mortgage Note Brokers, or the Note Marketplace website.
A mortgage generally only has one note.
How to find mortgage notes online or else where? Check with the Register of Deeds in the county you are looking to find mortgage notes in. These are recorded as mortgages, trust deeds or land contracts in most states and they are a matter of public record. Some local offices have resources where you can do this research online. A good place to start of by doing a Google search for "property records" in the area you want to find mortgage notes in.
You can find chapter summary notes for "The River Between" in various study guides, online resources, or by creating your own notes while reading the book. Look for websites that offer book summaries, such as SparkNotes or CliffNotes, for a detailed chapter-by-chapter breakdown.
A mortgage note is essentially a promissory note with the property concerned as a security for the loan. Companies that buy mortgage notes include the Texas Note Company, NCR Note Buyer as well as The Mortage Buyer, Inc.
There are a few companies that will purchase mortgage notes but an individual can also sale a mortgage note to another individual. These companies include FNAC USA, Nicholas Dicaro, and The Mortgage Buyer.
Note Buyers of America is a company that purchases notes from their customers. They purchase many types of notes including bank notes, mortgage notes, and many other kinds of notes.
You can go to coursenotes.com, and check the Enduring Vision textbook notes. Its not the right edition, but the notes help for the most part. The chapter are a tad off. my chapter 24 I found on chapter 23...so its one ahead. :D Good Luck
Mortgage notes can be readily bought from many note brokers around the world. These brokers can give you the potential of accessing better deals. Primarily, the purpose of these notes is to improve investment potential.
NO. TRY READING THE BOOK. IT'S FULL OF NOTES