Seller Financed Mortgage Notes

So! You sold your home, business or land and financed the deal yourself instead of having the buyer seek financing from a bank. Congradulations! You are a note holder. Seller financing as it is called, is when a person has a home, usiness, or land they would like to sell. The individual they are saling to may not meet all the criteria that the banks requires but the buyer may be able to afford the property so the seller finances the purchase of the property by allowing the buyer to pay for the property over time..

Seller financing is a growing business. More people are electing to take back a deed of trust,mortgage, or contract for many reasons:

• Quick sale of the property
  
• Monthly income from the note
  
• No hassles of conventional financing such as fees, delays, and strict guidelines
  
• More qualified buyers
  

However, circumstances change and many noteholder's would prefer cash today for their future payments. There are a variety of reasons people consider selling their payments for cash:

• Retirement
  
• Taxes
  
• Investment opportunities
  
• Expensive medical care
  
• Vacation or college tuition
  
• Unexpected financial changes
  
• Peace of mind...being free from the worry of receiving late payments or having to foreclose on the buyer
  
• Accounting nightmares, IRS regulations, and paperwork hassles
  
and the list goes on...






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We Offer Another Option

While you may not have wanted to carry back a mortgage note, you may feel that your only option is to receive monthly payments until the loan is paid off.
But! You can continue to collect payments or you can choose to receive CASH TODAY by selling all or part of your remaining payments.

If those monthly payments seem to just trickle in and disappear, imagine what a difference a large sum of money could make:


• Take a vacation
  
• Pay off high interest debt
  
• Fund a college education
  
• Start a business
  
• Plan for retirement
  
• Pay bills
  
• Remodel your home
  
• …and the list goes on.
  

No more worries about whether payments will arrive on time each month, whether the buyer is maintaining the property, keeping the insurance and taxes current, or whether you will one day need to foreclose.


Your payments are worth more now than ever before. If you are interested in learning the current market value of your note, Please click on the "Apply for A Note Quote" link below.


If it's CASH you need, let us help! We offer a free no obligation Note Appraisal.

Apply For A Note Quote

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Frequently Asked Questions

Why is my note worth more now than ever before?


With favorable interest rates and new buying guidelines, investors are able to pay more now than ever before.


How will selling my note affect the payor?


The payor experiences no change in the way the payments are structured. The only change will be the address where the payments are mailed.


How do I get started?


To start the process of selling your note to us, we request copies of the documents that were originated at the time of your sale:


• Note and deed of trust, mortgage or contract
  
• Closing statement
  
• Pay history and current balance
  
• Previous title insurance policy
  
• Current hazard insurance policy
  

We will then give you a firm offer subject to the standard title, appraisal, and buyer’s credit review. Once under contract, you will receive your cash as soon as all of the documentation can be obtained. This typically takes as little as 10-15 working days.

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The Noteholder’s Checklist

The information below was designed to answer questions commonly asked by people considering the option of selling theirpayments. It also provides important information on maintaining the value of your note.

What is a note appraisal?


A note appraisal reflects the current market value of your payments similar to what a real estate appraisal provides for real property. Frequently referred to as a “quote” it shows what your future payments are worth in cash dollars today. We recommend you have your note evaluated once a year.


How is the value of a note determined?


The value of a note is affected by the down payment, interest rate, payment amount, and term as well as the buyer’s credit rating and payment history. The type, condition, and value of the property also impact the value of your note.
The time value of money, which makes payments due now more valuable than payments due in 20 to 30 years, also plays a role in the evaluation process. Generally, due to inflation, money in your pocket today is worth more now than later. All of these elements will be taken into consideration in determining the current value of your note.


How do I maintain the value of my note?


Many of the items that affect the value of your note were determined at the time the property was sold. However, keeping good records of the payments received and requiring the buyer to provide annual proof of current taxes and property insurance will help maintain the value of your important asset.


Can I sell all or part of my note?


We can purchase all or part of your remaining payments. Selling part of the payments allows you to receive a lump sum of cash up front, then payments when the note reverts back to you. We can even pay cash for a portion of each monthly payment.
Many people elect to sell just enough payments to meet their cash needs today and keep some of the future payments as an investment or nest egg. Always ask for an option that meets your needs.


Apply For A Note Quote