A Great Alternative To The Discount When Selling A Note In Full

I get calls from note sellers wanting to sell a note for all cash who just can’t afford to sell their mortgage note at the going price due to the terms (low interest, bad credit of the borrower, or lengthy term of the note). There is a great option for these note sellers. It’s called a partial and nearly every time a partial sale of a note is a significantly better deal. As a matter of fact, I usually recommend a partial.
So what is a partial note purchase. While partial note purchases can take many forms, most involve the purchase of X number of months of mortgage note payments. At the end of that period, the monthly payments and note revert back to the note seller. The note seller can start receiving payments again or sell the remainder of the note, which will have significant seasoning by that time and therefore fetch a very good price. So whether you call me or another note buyer about selling a note, get a quote on a partial along with your full purchase quote. You may be pleasantly surprised.