Has anyone done business around loan sales? I am looking into a referral program offered by green note capital(referrals@greennotecapital.com) that pays agents for referring private mortgage notes to them, which they then try to cash out for the note holder. It seems these are secondary market transactions and therefore exempt from respa coverage, so there's no problem receiving a finder's fee. But I was hoping that someone has done this before and can offer some insight. Apparently you can make a lot of money through these referrals. Anyone?

Hm this is the first time I have heard about that.

When I sold a building that formerly held my machine shop (one of my lives before real estate) I provided seller financing to the buyer that could not have got a loan due to poor credit history. I told him that if he didn't default I would be the credit reference he needed to start rebuilding his finncial life. In a rather short time he was behind; we talked about it and he said that if we could move the due date by two weeks it would better match his pay schedule and I would be paid first before the money went else where. I agreed and reminded him of what had been said about starting to rebuild his credit. No more late payments and the debt was retired (paid in full). I did act as a credit reference for him once after that.

Sorry, I seem to have rambled off a bit from the thread. I was intending to reply that while holding this note I was contacted several times by prospective note purchasers. I would not sell as they wanted to deeply discount it and I was more interested in receiving the full, including interest, amount even though it was over a longer time. No idea if someone else had refered me to the would be note purchasers or if they just looked it up in the public records.