There is no charge to you, the note holder.
All deals vary, 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 an updated title report, if … Continue reading
That’s where we come in. We 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 … Continue reading
Our company is founded on the principles of integrity, honesty, and fairness. I believe that if the transaction doesn’t benefit both the note seller and the note buyer that it simply shouldn’t be done. Our two principals have combined years … Continue reading
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.
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 … Continue reading
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.
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.
Pay Out Options
A partial purchase can also involve splitting the monthly payments received from the note buyer between the note buyer and the note seller, also known as a split partial. Using the same example of 210 payments of $1,162.95 each, an … Continue reading
A Partial Purchase Note Buyer Option allows the note seller/note holder of an existing cash flow instrument (seller carry-back mortgage, land contract, structured settlement, etc) to sell a portion of the rights to collect future payments to a note buyer … Continue reading
A full purchase note buyer offer allows the seller/note holder of an existing cash flow instrument (seller carry-back mortgage, land contract, structured settlement, etc) to sell the entire remaining balance/remaining payments owed to said holder, to a third-party buyer for … Continue reading
People do not just decide to have a note appraised. There is always a reason. The reason will determine the appraisal approach to be used. If the note is being valuing for taxation purposes-inheritance tax, gift tax, estate tax, donation … Continue reading
Arriving at that one, mutually agreeable, price requires patience and practice. Since the buyer and the seller start out having different opinions of value, each party must try to understand the others point of view, motivation, goals and hurdles in … Continue reading
Being a mortgage note buyer/investor requires having lots of knowledge that covers several different areas. Real estate note investing is a “multidisciplinary” field. Unless you are an experienced note buyer already, and have made a few mistakes, and learned a … Continue reading
I a perfect world we think of individual things having “a value” (one value). But, in reality most things have multiple values. As an example, your beautiful ring or watch may not fit me; consequently, it was worth $15,000.00 to … Continue reading
In reality, different investors, who are honest and accurate, can and do arrive at totally different dollar values for the same mortgage note. There is not just one true value. As the saying goes, “beauty is in the eye of … Continue reading