VESPY.COM - ProfilesArchive

About Me

Whenever any person, partnership, trust, corporation or any other entity becomes a lender on a piece of real property, a promissory note is created.
That promissory note may be called a mortgage, deed of trust or land contract. And in our industry these are simply referred to as "notes".
A promissory note is a written promise to pay a certain amount of money, and its payment is secured by some type of security instrument that becomes a lien on the real property. The note specifies: (1) the amount of the loan (principal); (2) the interest rate (interest); (3) the amount and frequency of payments (debt service); (4) when the borrower must repay the principal (due date); and (5) the penalties imposed if the borrower fails to timely pay or tender a payment (late charge) or decides to pay a portion or all of the principal prior to the due date (prepayment penalty). The promissory note identifies the person who makes the payments to you (the buyer of your propertyâ€”the borrower) and the person who receives the payments (you).
That's all fine and dandy, but I don't understand any of what you just said?
Well, in that case, maybe you should read my blog entry explaining how seller financing can work......

My Interests

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I'd like to meet:

$500 Dollars rewarded to you if you or someone you know can benefit from our services. You could get $500 just for dropping a name. If we close on a deal you brought to our attention, we will write you a check for $500 CASH!

Any persons interested in learning more about mortgages, deeds of trust, and/or land contracts. This includes all notes secured by Real Estate, even "non-performing notes" are liquidable.

Vespy Capital Group helps real estate agents, brokers, investors, rehabbers, etc... by providing free note appraisals and evaluations. Vespy Capital Group also provides a free "Note Holder's Handbook" as a quick reference guide for anyone involved in the promissory note market.

Everyone involved in Real Estate can benefit by understanding the promissory note market.

Music:

Anyone can call me on SKYPE for FREE! If you have any questions or just want to discuss business.
My Skype ID: vespycapital

Movies:

Don Lugo Joints!
(Inside Joke...)

Books:

Mankind's greatest invention was the Printing Press.
The ability to mass produce one's ideas & knowledge then deliver it to the masses has to be our planet's greatest success story.

Check out these great books that have an influence on the philosophy of VESPY.com

..
The One Page Business Plan
The One Page Business Proposal

Heroes:

Bill Gates- Co-founder of Microsoft, Inc.

Co-founders of GOOGLE, Inc.

Robert Kiyosaki- Author of Rich Dad Poor Dad

My Blog

How seller financing can work for you!

The easiest way to explain how seller financing works is by way of example. This approach strips away all of the terminology and mathematics, leaving the stuff that matters. Keep in mind that we prote...
Posted by VESPY.COM on Sun, 28 Jan 2007 10:46:00 PST

Meetup.com is an excellent way to boost business!

Networking is part of business, building lasting relationships is a key element to running a successful business.Meetup.com allows communities of like minded individuals or groups to organize and get ...
Posted by VESPY.COM on Sat, 27 Jan 2007 07:10:00 PST

10 Principles of Financial Independence

1. Save consistently by living on less than you earn. 2. Study the investment methods and strategies of successful people, and seek advice only from those who are competent through their own achievem...
Posted by VESPY.COM on Tue, 25 Apr 2006 05:31:00 PST

FREE BOOK ON REAL ESTATE

Posted by VESPY.COM on Sat, 25 Mar 2006 10:10:00 PST