How Does The Note Selling Process Work?
Tell us the basics about your note – Unpaid Balance of Note, Interest Rate, Terms, Payments Received – Quick, & Easy
We’ll review the details, ensure it meets our buying criteria, then contact you to set up a phone appointment
We’ll present you w/ a fair written, no-obligation offer
We handle 100% of the costs and work involved in transferring the note, you’ll have a cashiers check in hand within 15-30 days
Timeframe: Once we get your info, we’re usually able to make you a fair cash offer within 24-48 hours. From there, we can close as quickly as 15 – 30 days if you need to.
Free Real Estate Note Appraisal
There are many factors that determine what your note is worth in today’s market. They are generally broken down into 4 categories: your documentation, the payment status of your note, the credibility of the borrower and the condition, location, and type of property the note is tied to.
Paperwork
The terms of your note will not only affect the value; LTV, amortization, and interest rate all play a factor on what your note is worth to investors.
Performance
If your payor pays on time or extra every month, that will reflect in a higher valuation to you. While slow-paying or non-performing notes can be sold, they will often be deeply discounted to offset the likely risk of default.
Payor
The person making payments on the note is a major factor when it comes to your notes value. The amount of cash paid down at closing, the payor’s credit score and source of income all play into the pricing of your note.
Property
The property is the security behind the note. A property in good condition will have a higher value. Likewise, specific property types will impact the value. A note secured by a beautiful residential home in a suburb will be worth more than a car shop or mobile home in a rural area.
