DICARO & ASSOCIATES, LLC Announces a Partnership and Reform Initiative with Mortgage Note Buying Standard’s Pioneer: NoteBuyers.org

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Nicholas di Caro, as Leader of Private Mortgage Investment Firm DICARO & ASSOCIATES, LLC, Announces a Joint Venture with NoteBuyers.org Intending on Implementing Uniform Standards, Competency Requirements, and a Code of Ethics for Professional Note Buyers and Note Brokers Operating in the Secondary Market of Privately Held Mortgages, Trust Deeds, and Land Contracts

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NACNB aims to bring Standards, Competency, and Ethics to the Secondary Market of Privately Held Real Estate Notes.

“It’s high time for us [Note Buyers] to get together and realize the collective benefits of an organized industry operating with a set of standards and ethics” says Nicholas di Caro of DICARO & ASSOCIATES, LLC the man who has spearheaded this initiative.

Through a strategic partnership with DICARO & ASSOCIATES, LLC the “National Association of Note Buyers” commonly known as NoteBuyers.org will be re-branded the “National Association of Certified Note Buyers and Note Brokers” or NANCB, while keeping the same web address, NoteBuyers.org.

This partnership aims at controlling the quality of individuals and companies entering the niche business of buying and selling real estate receivables such as mortgages, deeds of trust, land contracts, and agreement for deeds, commonly referred to as the Secondary Market of Owner Financed Real Estate Notes. The NANCB plans to accomplish this by setting Acceptable Standards for Operation, Training Programs, and Competency Tests.

“It’s high time for us [Note Buyers] to get together and realize the collective benefits of an organized industry operating with a set of standards and ethics” says Nicholas di Caro of DICARO & ASSOCIATES, LLC the man who has spearheaded this initiative.

Another chief goal of the NANCB is to curb the sham negotiation techniques that are employed by many operating businesses such as the unscrupulous “bait and switch” ploy where a company promises a high purchase price in order to contractually obligate the client, and then drastically lowers the price on them just prior to closing. They aim to accomplish this through a Member Code of Ethics and a publicly available Black List of people and
companies that engage in this practice.

Nicholas di Caro is the Senior Investment Partner for DICARO & ASSOCIATES, LLC. Operating in all 50 states from their Chicago, Illinois location, they invest in performing and non-performing real estate notes from $5,000 to $5,000,000. They are actively buying privately held mortgage notes, deeds of trust, and land contracts secured by single family residences, mobile homes with land, and commercial properties. They have the ability to buy notes that other companies have denied, in addition to providing creative purchase options that are new to the industry. Learn more at http://www.nicholasdicaro.com

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