- 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!
- Who buys notes? Actually, there are thousands of individuals across the country who buy notes. Just like banks buy mortgages, private buyers buy notes as investments. They collect payments over time for a steady stream of income.
- 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 only 10 days to process and record the documentation and complete the sale
- What Is My Note Worth? The value of a note is established by a number of factors, including: type and location of the property, condition of the improvements, structure of the note and mortgage, credit of the payor, priority position, interest rates, and much more.
- Will Selling My Note Have An Effect On The Person Paying Me? No. All terms and conditions set forth in the original note and mortgage remain in force. The only change will be to whom and where future payments are sent
- Can I Sell A Portion Of My Note? Yes. We call this a partial purchase. In some cases you may require only a specific amount of cash to make a purchase, handle an emergency, etc. In this case you might choose to sell only a few years of the payments to receive the specific amount desired.
- Will I Need To Attend A Closing? Not necessarily. We can close the transaction by sending you a closing package by overnight delivery along with easy to follow instructions.
- What Is Required For A Free Analysis Of My Note? Basic information that is easily obtained from the closing documents and note.