FREQUENTLY ASKED QUESTIONS

What is a real estate note?
A written document that sets forth a promise to pay, and the terms which include the amount, interest rate and length of time determined to fulfill this promise.  We mostly deal with real estate notes that are secured by single family residences, multi-units, apartment buildings, commercial, raw land, mobile homes, etc.

A real estate note can be referred  to as a mortgage note, land contract, trust deed, deed of trust, owner financed mortgage, seller financed promissory note, a real estate contract for sale, owner carry back, or an all inclusive trust deed (AITD).

Why Sell Your Trust Deed Note?

When you sell your trust deed note, you receive large lump sum of cash to accomplish some major goals. Moreover, you do not have to worry about:

• Collecting payments, and keeping track of the principal and interest breakdown
• Bankruptcy of the payer
• Divorce or death of the payer
• Federal income tax reporting requirements
• Destruction or abandonment of the property
• Fire insurance
• Inflation impacting the value of your note over its life

How do you sell a note?
You can sell your interest in a note secured by a piece of real estate just like any other asset you own.

Will selling my note have any negative effects on the note payer?
No, the original terms and conditions set forth in the note remain the same. When you sell your contract or note, the Buyer assumes the legal position you currently hold and is therefore required to abide by all the original terms of the contract.

How much cash will I receive?
We take into consideration some important factors that determine the maximum cash value for your note:

• Equity in the property (including down payment and seasoning) as a percent of property value. A higher equity will get you a better quote.
• Property type- A single family home usually brings in a higher quote than commercial buildings, mobile homes, or vacant land.
• Buyer credit
• Interest rate
• Amortization terms
• Location of the property

Moreover, based on your current cash needs, we can present various customized buyout options that may best suit your interest.

How Can I Find Out How Much My Real Estate Note is Worth?
Please submit a request online or call one of our Notes Experts to get a free, no obligation quote. We will be happy to answer all your questions and present several options that will help you make a decision.

How soon can I get my money?
Once an real estate purchase agreement is reached and all the required documentation is received, it takes 2-3 weeks to complete the process.

Is it possible to get my money sooner?
Yes, if time is of the essence, please call and speak directly with our Notes Expert.

How do I receive my money?
You will choose to receive cash via check or wire.

Who buys notes?
There are many individuals and companies nationwide who buy notes as investments. They collect payments over time for a steady income stream.

What types of property do you purchase?
We have purchased notes secured by many types of property: single-family homes, multi-family homes, farmland, commercial, recreational, vacant land, and mobile homes with land attached. If you have an owner financed property or business, contact us by phone or email with a description and we will determine if we can purchase your note.

How much is this going to cost me?
There is no charge to the note holder. We pay all closing costs.

What if I know someone who wants to sell their note?
If we purchase a note that you refer to us, we will pay you a $300-$500 referral fee.

Is there a maximum or minimum size note that you buy? 
A minimum size note of $30,000 is generally preferred. There is no maximum.

 

Do you lend money?
No, we do not lend money. We purchase already existing notes secured by real estate.

 

Do you buy Business Notes?
Yes we buy Business Notes.

For questions or concerns please call our office for assistance.