Know where your owner financed note stands, today.

What OwnerNote is

It is a record of your note that stays current. You enter the terms once and log payments as they arrive, and it answers the five questions that otherwise cost you an evening with a spreadsheet:

• What is the balance today? Not the balance at closing, and not the balance in the amortization schedule you printed two years ago — the balance after every payment that actually arrived, on the date it actually arrived.
• What is the payoff good through a date? A title company asks for a figure good through the end of the month. You need per-diem interest carried to the right day, not a guess.
• Did the payment arrive, and how was it applied? Late fee, then interest, then principal, then escrow — in whatever order your note actually specifies, applied the same way every single month.
• What do I send the IRS at year end? Total interest received for the year, separated from principal, ready to put on the form your borrower is waiting for.
• What can my borrower see without calling me? A read-only view of their own payment history and balance, so the routine questions answer themselves.

OwnerNote is a tracking tool. It never touches your borrower's money and it is not a servicer — payments go to you exactly as they do now.

Who it is for

Individual note holders and small portfolios. If you hold one note, that is a completely reasonable reason to be here — someone who just carried back their first note has all of the same obligations as someone holding thirty, and none of the practice.

It fits the person who sold a rental with seller financing, the family that carried paper on land, and the investor running a handful of wraps. It is not built for a servicing shop with a compliance department; that is a different product with different problems.

Why it runs in a browser

A note outlives the computer you were using when you wrote it. A thirty-year amortization will see several machines, at least one operating system you have not met yet, and probably a change in who is keeping the records. The format has to survive all of that.

• It works in a browser, on any device. The laptop, the phone in the truck, your daughter's tablet when she is helping you sort out the year. Same record, same numbers.
• There is nothing to install. No setup disc, no flash drive, no license key taped inside a drawer, no wondering whether the version you have still runs.
• Nothing to reinstall when the computer is replaced. New machine, sign in, everything is there. This is the failure that loses people their payment history, and it should simply not be possible.
• Your data exports in one click. The record is yours. You can take the whole thing out whenever you want, in a format a spreadsheet and an accountant can both read.

Start with the mechanics

Most of the trouble with a carried-back note comes from a detail nobody explained at closing. These are written for note holders, not for lawyers.

• How a wraparound note works, with a worked example

  The wrap sits on top of an underlying loan that stays in place. What the borrower pays you, what you pay out, and what is actually yours.

• Why payment application order changes the balance

  Late fee, interest, principal, escrow — apply them in the wrong order and the balance drifts a little further off every month.

• Contract for deed versus deed of trust in Texas

  Two very different ways to carry seller financing in Texas, and why the executory contract rules changed which one most sellers use.

• Texas seller finance notice requirements under the Property Code

  The notices a Texas seller-financed transaction requires, who has to send them, and when the clock starts.

• RMLO licensing thresholds and the de minimis exemption

  How many owner-financed notes you can originate before licensing enters the picture, and what the exemption actually covers.

• What a certified payment history is and when a borrower needs one

  A refinancing borrower will ask you for one. What belongs in it, and why a spreadsheet screenshot is not it.

• Form 1098 reporting for individual note holders

  Whether you have to issue one, what interest figure goes on it, and what your borrower expects to receive in January.