TEXAS NOTE COMPANY CONTINUING EXPANSION PLANS
Austin, TX, September 3, 2010 — Onward and upward: Austin’s Texas Note Company has just inked a strategic partnership with Jim Warr’s Warr Investment Group. Undeterred by a slow housing market, Texas Note Company’s deal with WIG gives WIG right of first refusal for buying notes, while TNC takes care of the loan servicing obligations for WIG. In light of these developments, Texas Note Company is also set to launch a new, revamped website that will give users a full view of the company’s direction and recent changes.WIG’s primary direction has been in financial planning and investment, including products like self-directed IRAs. Considering the still-shaky stock market, investment in home loans and the note buying business seems like a logical next step for WIG, and TNC is poised to see that through. And of course, this setup also helps home buyers and sellers as well, in a stone-cold housing market and the tightest credit environment in recent memory. “If you can walk on water, you might be able to qualify for a conventional home loan. Maybe,” says Texas Note Company president Robert Young. .
Texas Note Company is set to work with ten different real estate investors (many of which are in the Central TX area) to buy notes outright and help draw up terms for owner-financed sales that will be attractive to the buyer and seller both. Now, WIG is bumped to the front of that list of investors, while TNC takes care of all aspects of loan servicing, such as:
· Collection on the note
· Payment processing
· Insurance
· IRS 299 and 298 statements
· Wording of the contract and consultancy
For sellers (especially in the current climate), owner-financing is attractive for many different reasons. Owner-financed deals limit the seller’s exposure to risk, shorten the closing period and often will free up the seller from the note so he can move on to another house or another transaction. Selling your note outright also comes with some distinct tax deferment advantages on the seller’s part. WIG’s investment experience and expertise make them a good player in this arena.
Even though the Texas real estate climate has not been hit nearly as hard as other parts of the country, home prices have sagged considerably and credit is much harder to come by. With a commitment to keep the money local, Texas Note Company has connections to investment capital and can help greatly in facilitating sales through creative, ethical deal structuring techniques.
In a real estate and credit market that has taken a serious beating in recent years, Texas Note Company is poised to help buyers and sellers both with flexible solutions and a great deal of expertise and experience in orchestrating transactions that will be beneficial to all parties. Their recent partnership with Warr Investment Group is the next logical step down this road, and both companies have high hopes for the future.
For more information, visit http://texasnoteco.com or call (888) 304-7779
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Contact Information
Robert YoungTitle: Founder and Owner, President
Texas Note Company
3571 Far West #213
Austin 78731
Phone: 512.970.7857
Email: robert@texasnoteco.com
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