What is a Note? « Kenneth Kern/ Orange Blossom Note Services

What is a Note? « Kenneth Kern/ Orange Blossom Note Services

Today I would like to talk to you about a document called a "note." From day one, notes have always been synonymous with the real estate business. Well, let’s start with, what is a note and what purpose does it serve in the real estate business? A note is an IOU, a written promise to pay, with all the terms and conditions of the obligation, signed and in proper legal format. It’s also referred to as "Promissory Note." A note can be secured or unsecured. A secured note is one that is attached to another document called a "Mortgage" which is a document that simply states that if the obligations of the note are not met, the property may be sold to pay for the note, thus the note is secured by real estate. With an unsecured note, there is no collateral for non payment of the terms. The note is only secured by the payer’s written promise to pay. Notes are bought and sold everyday by buyers who are looking for long term investments, along with the sellers of the note looking to meet a special financial need that must be met for a variety of different reasons, such, as credit card debt, downsizing their assets, maybe their putting a kid through college, or maybe they didn't even want the note in the first place and sold it as an only means of liquidating the property in a fast and timely manner.

I hope this info was helpful in your understanding of what a note is, its purpose, and its function in modern everyday real estate transactions.

Blogging/Where The Rubber Hits The Road

For all the time spent on blogging with all the different networks and mazes of people all linked and talking about something, something they feel strongly enough to put it in print and publish it for the world to see and comment on.  These my friends, are the bloggers struggling to get that good clean original content on the screen in a timely professional  manner,some not so professional.  This is also where the rubber hits the road for bloggers out there trying to get their point across.  Once you start to see your competion's websites and blogs, its easy to see who's really serious about their interest.   There is a sea of crap out there when it comes to blogs and there are some so informative and interesting, you can feel the passion they have put into the words of their articles, not mention that their presentation is usually first rate by anyone's standards.  Yes, the true professionals out there are plain to see with websites and blogs that capture the interest of  their readers and keep them going back for more accurate, up to date information.  So blog away for blogging sake.  We're all out there patiently waiting and watching your every move.

The Art of Blogging

Making It In The Note Business, Is It As Easy As They Make It To Be?

Yes, it can be said that there are riches in making it in the note business.  However, its easier said than done.  The present day instructors,teachers and coaches make it sound like its really easy to obtain a large client base filled with lots of deals for the note finders looking to make a buck.   The first thing you learn is thats just not the way it is. The second thing one has to learn the knowledge to do the business.  This can be costly, in the thousands, so you better have money already so you can make more money. That with a heaping helping of sheer determination, lots coffee, and countless hours of learning how to put together a proper marketing plan with proper search engine optimization, will definitely make the difference whether your phone rings for business or not.  Also, lets not forget that after the phone does ring for business, you better have your knowledge and game face on to handle your clients in a courteous,timely,and professional manner.  Buts whats really nice is that when all these things are all in place the way they should be, this business is ever growing and making money for the individual who was willing to put in the time, to learn the business and implement what has been taught.  There aren't too many things more rewarding than that I can think of, can you?

Robert Morris Created Notes to Fund The American Revolutionary War.

I’m Kenneth Kern, founder of Orange Blossom Note Services. Many people aren’t aware that the American Revolutionary War could not have been won without the efforts of Robert Morris and the seller financed notes he created to pay our soldiers and build hundreds of war ships to fight off the British. Robert Morris,who was our top financier at the time, brought the note service industry to a new beginning between 1781-1784 and was also our first Superintendent of Finance for the United States of America.