FAQ’s

Why do most people sell their notes?

The reasons people sell their notes are as varied as the people themselves:

  • They find a better investment opportunity
  • They need cash for their children’s college tuition
  • They encounter unforeseen medical bills
  • They no longer wish to deal with the hassles of servicing their note themselves
  • They need cash for a new car, motor home, boat, etc.
  • They just want to take that dream vacation

What factors determine the price you can offer for my note?

  • Several factors come into play: the interest rate on the note, the down payment at time of sale, the loan-to-value (LTV), the property type, property condition, the borrower’s credit and pay history all impact the value of your note.

Will the sale of my note affect the borrower in any way?

  • The terms of the note are not affected when you sell your note. The only thing that changes is where (and to whom) the borrowers send their payments.

How quickly can you fund?

  • The due diligence process typically takes two to four weeks, dependent upon a few factors:
  • Our ability to get copies of all needed documents from you
  • The time it takes to obtain a property value from a contracted professional (appraiser or real estate agent)
  • The time it takes to obtain an updated title report, if needed

Why should I work with you over one of your competitors?

  • Our company is founded on the principles of integrity, honesty, and fairness. We believe that if the transaction doesn’t benefit both the seller and the buyer that it simply shouldn’t be done. Our two principals have combined years of experience in buying and selling real estate notes – we can answer most (if not all) of your questions. We exist to provide solutions and service to our customers.

What is a note?

  • A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise.

What if I want cash now instead of waiting 30 years to get paid back?

  • That’s where I come in. I work with investors who are interested in purchasing your note (or your client’s note) from you so you can have the money you need. This way, you don’t have to worry about late payments or non-payment any longer!

How much is this going to cost me?

  • There is no charge to you, the note holder.

How long will it take before I get my money?

  • All deals vary, but normal closing time is 2 to 3 weeks once we have lined up a buyer.

If you have any other questions, please feel free to contact us. Either I or my staff will be happy to help you.