Not wanting to wait 15, 20 or even 30 years
for your money
Needing cash for an emergency such as medical
care
To pay off high interest debt(s)
To capitalize on a great investment opportunity
For more on how a notes buyer prices a note,
visit our notes
buyer page.
Call
7 Days A Week For Great Pricing! You'll Be Glad
You Did.
1-877-655-5625
Less
Obvious Reasons You Might Want to Sell a Note
Eliminate the risks associated with holding
a private note such as:
Declining Real Estate values
Deteriorating economy and increasing job
losses
Eliminate the hassles of managing a private
note, such as
Collecting monthly note payments
Maintaining detailed documentation of
payments, etc. in case you ever need to
sell a note
Monitoring the buyer's property taxes
to be sure they are current
Keeping tabs on the buyer's hazard insurance
in order to be sure a) They are up to date
on their payments and b) Thay are maintaining
sufficient coverage for the property (collateral
for your asset/note)
Monitoring the security (property) for
your note to insure it is maintained to
be sure the buyer has not moved out and
at best is renting the property out to someone
else
Checking courthouse records regularly
to be sure the owner has not taken a second
out creating a second lien on the property
Cashing out your note's long future stream
of income before what many financial experts
are predicting will be a period of significant
inflation resulting from all the government
spending as well as massive injections of money
into the economy by the Fed
Call
7 Days A Week For Great Pricing!
You'll
Be Glad You Did.
1-877-655-5625
What Information will a Note Buyer
Need for a Quote to Sell
My Note?
Most
note purchasers will ask for the information below
so as to provide you with a quote:
1.
The selling price of the property
2.
The amount of down payment (cash)
3.
The original note face amount
4.
The interest rate as well as the amortization
period
5.
If there is a baloon payment and if so what is
the date of the balloon payment?
6.
The amount due at the balloon period
7.
The date of the first payment
8.
The Current note balance, although we can usually
calculate it if
there have been no extra monies paid
9.
Your best estimate of the buyer(s) credit
10.
Is the property occupied by your buyers?
11.
The type property, i.e. Single Family Residence,
mobile home, commercial property as well as the
type property
12.
The address of the home or business and any special
information you think would be pertinent
13.
The current estimated value for the property
14.
Have the payments been on time and can you document
them
What
Documents Do Most Note Buyers Require Once A Quote
Is Accepted and I'm ready to Sell A Note?
To
sell a Note, most Real Estate Note Buyers will
require a) A copy of the original note (they will
eventually need the original to close a sale),
b) a copy of the Deed of Trust or Mortgage depending
on the state, c) Proof of payments (hand written
receipts will not suffice), d) the closing statement,
e) copy of the initial title work if available
as well as the title policy if available and f)
Social Security number and address if not the
same as the property in order to pull credit.
Note: These documents will not be required for
a quote, at least not by us.
