"Cash To Mortgage"

Can someone please define the term "Cash to Mortgage?" ...or "Cash to Note?"

Comments(5)

  • davehays31st May, 2004

    I am assuming you are talking about the opposite, which is turning your note/mortgage to cash now.

    Maybe you know this, but it refers to selling your owner financed note secured by mortgage or trust deed for cash now, either for existing notes, or using temporary seller financing to create AND sell a new note at closing table for cash proceeds, which is a great and fast way to sell property that is slow moving, or if you come up against title seasoning issues, etc.

    Hope this helps, Dave

  • LarryNut31st May, 2004

    It means call John $Cash$ Locke and he will take over your mortgage!!

  • JohnLocke31st May, 2004

    Larry,

    Now you are talking, I like that one.

    $Cash$ to mortgage. LOL

    John $Cash$ Locke

  • active_re_investor31st May, 2004

    A little more context would help.

    I have seen the phrase 'cash to mortgage' to mean the amount of cash necessary to take over a mortgage. Think equity.

    As you asked as part of a two part question then the others might be more correct and we are talking about notes and discounting.

    John

    Quote:
    On 2004-05-31 18:10, thestudentisready wrote:
    Can someone please define the term "Cash to Mortgage?" ...or "Cash to Note?"
    [addsig]

  • InActive_Account31st May, 2004

    Ron LeGrand uses the term. I tried to go back to find the context. I think the above posts are correct. He uses it when talking about a buyer who cashes him out... I think when he's been holding carry-back from the original seller... If I could remember the full context, I'd probably be able to figure it out.

    The above posts seem to match what I remember, though.

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