One month ago today was September 8, 2015. It was the day after Labor Day. Summer was unofficially over. Most kids were back in school. Most adults were at work after a 3 day weekend.The phone started ringing. And ringing. And ringing.

Welcome to Fall Fever in the note business!

The note business always kicks into high gear during the last 4 months of the year. Summer doldrums are over and note holders start looking for cash. Why? Whole bunch of reasons. Make an investment. Buy a business. Pay off a debt. Buy a new house, car or boat. Pay off a big medical bill. The reasons are endless.

The common thread for a lot of these folks is this: Where is the "best" place for me to get the cash I need or want? The answer many times is that the best asset to liquidate is the note they are holding - if the price is right.

And this gets to the heart of the matter. Pricing for notes is the highest it has been in years. I always tell note holders up front that the pricing for notes falls in a broad range, roughly 60%-80% of the principal balance. I also say the specific pricing for your note will depend on a whole bunch of factors - the type and condition of the property sold, the amount of down payment, whether the terms favor the seller or buyer, buyer's credit worthiness, etc. At this point, before I know anything about the seller's note, he/she already has some idea of how marketable their note is. Most people I talk to have a note that someone will want to buy, and if the note holder is reasonable, we should be able to agree on pricing.

I recently reviewed several transactions we have closed this year, and was surprised to see that most of the pricing was in the 76% to 86% range. 86% was a unique situation. But, most sellers were realizing mid to upper range pricing for their notes. They were able to liquidate the asset that best allowed them to get the cash they needed or wanted, the cash that they were able to put to better use.

Our business is very simple - giving a seller options to receive cash. Allowing him to decide whether his note is the best source of that cash.

That's what we do!

"I have never hated a man enough to give his diamonds back." .... Zsa Zsa Gabor.

                       Million Dollar Listing

One of my favorite TV shows is Million Dollar Listing Los Angeles. How can we not love Josh Flagg? And how about Million Dollar Listing New York with Frederick the star of that show! Come on! I love the over the top personalities and negotiating - for the TV camera, anyway. If you are in any business, I think you can learn something about dealing with people by watching these guys in action.

As I love to point out from time to time, the rich in Los Angeles just live in a totally different world than common folk. Tom Cruise just put his Beverly Hiils home on the market at a cool $50 million. Take a look here:

variety.com/2015.dirt/real-estalker/tom-cruise-whisper-lists-bevhills-manse-for-50m-1201590413.

"Only Irish coffee provides in a single glass all four essential food groups - alcohol, caffeine, sugar and fat." .... Alex Levine.

        10 Most Affordable Places to Live

Over 40 million people in the United States pay more than 30% of their income for housing ( Bloomberg.com). If you live in Ohio, however, there is a good chance that your housing cost is amongst the lowest in the country. 4 of the top 10 cities that are the most affordable to live in are in Ohio. Take a look at the list here:

money.cnn.com/gallery/real_estate/2015/09/16/most-affordable-places-to-live/8.html.

"I never said most of the things I said.".... Yogi Berra, New York Yankee, died at age 90 on September 23, 2015.

           The Dodd-Frank Act Turns Five

This past July, the Dodd-Frank Act turned 5 years old. CoreLogic.com, Insights Blog, Entry for August 13, 2015. It has reverberated throughout the financial services industry, affecting big banks, mortgage companies and mom and pop seller financed transactions.

If you read the Core Logic article, the first paragraph lists all the new offices created by the Act. You will like what you read if you believe in and want stronger, central enforcement. On the other hand, you may be reviled if you believe this is just another example of more bloated, bureaucratic government.

Regardless, you may want to visit savesellerfinancing.org. Read how this Act affects seller financed transactions. Sign the petition. Donate if you can.

Thanks for reading!

Denny Stanz

CA Broker # 01915404

760-245-5366 

760-245-5367 fax 

dennystanz@verizon.net 

www.CaliforniaNoteBuyerLLC.com