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Mortgage Note Buyer Will Now Purchase Existing Seller-Financed Loans That Are Upside-Down


SAN FRANCISCO, CA – Direct mortgage note buyer, Ameirnote Xchange, LLC, announced today that they will now purchase and fund, first-position, performing mortgage loans that are operating within a negative-equity situation.

A negative-equity mortgage loan otherwise known as “being upside-down” occurs when the property that the subject mortgage loan secures, drops (in value), lower than the remaining balance owed on the mortgage loan itself.

One in four families currently owe more money than their home is worth, across the US. Fifteen to seventeen percent of those loans were privately seller-financed.

Abby Shemesh, Director of Loan Acquisitions at Amerinote Xchange states: “Negative-equity mortgage loans have become all too common in this national economic landscape, dating back to the September 2008 banking and real estate crash"

“From our experience, most of the seller-financed mortgage notes that are upside-down are the ones with the highest default rates. This is due to several reasons. 1) the borrower finds out that they are paying for a home that is worth less that the mortgage they owe and they become angry and 2), the borrower realizes that (in most cases) the property seller/private note holder never pulled nor do they report the borrower’s payment habits to the credit bureaus - whatsoever.”

“This means the only consequence to not paying the note is eviction and foreclosure, having their credit rating unscathed. For most borrowers, it is easier to completely walk away from the home instead of putting money into a bottomless pit.”  

Mr. Shemesh goes on to say: “This commission-free funding service we are now offering will be a golden parachute to many note holders that do not want to get wrapped up in legal issues, foreclosures and nasty dealings with mortgage borrowers over lost equity. We will purchase the note and restructure it to fit within our portfolio, creating a win-win-win situation for all parties involved.”

In addition to all of the hurdles that accompany the up-keep on an upside-down mortgage note, there is now a growing movement which is now rallying mortgage borrowers to bring up litigation against mortgage lenders and banks that originated, hold and service existing mortgage loans for fraud at sites like:

This movement is now starting to grow roots and is taking aim at the institutional loan sector, but there is nothing stopping the same movement from spilling into the private note sector, affecting thousands of private note holders. Note holders can take comfort in the fact that they do have options that will not cost a penny out of pocket, yet it would potentially put tens-of-thousands back into theirs.

To learn more about selling your upside-down mortgage note, you can visit AX’s website at:


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