How do I sell my mortgage note, trust deed or land contract?
Call and give us the details of the note, property and borrower or fill out our Online Note Quote.
Within a day or two we will give you a no-obligation quote.
If you decide to move forward with selling, we will request copies of your documents and will do our due diligence.
How much can I sell my mortgage note for?
Every note is unique, but we look at the Fair Market Value of the property, the interest rate, the deposit and the borrowers' credit standing amongst many other details.
The more detailed you can be during our initial conversation, the more accurate our quote will be.
Can I sell my note right after I create it?
We typically like to have you collect the first payment. It is rare that we take over payments at closing.
How long does it take to close?
Once we complete our due diligence and you accept our cash offer, we can close in 28 business days.
*This is also dependent on how quickly you supply the necessary documents.
Who pays closing costs?
How will I receive my money?
The funds will be wired to a title company, where we will complete the exchange of documents. The transaction is completely safe and secure. You generally receive your cash within 24 hours.
If I sell my note how will it affect the person paying me?
The only thing that will change for your borrower is where they send their monthly payment. If we need to interact with them for any reason, it will be with the utmost respect.
What is a Partial?
On some notes we are able to buy a partial, meaning we buy a part of your note.
Ex: You have an $80,000 balance on your note and you only need $20,000 for your next Real Estate deal. We will buy $20,000 worth of payments and at the end of that time the note returns to you to collect the rest.
What happens after my Note Quote?
If you decide to sell your note to us we will guide you forward with ease, professionalism and zero stress. If you choose to hang onto your note, we will part ways and wish you well.