Lump Sum of Cash Buying a new home, paying for college tuition and funding retirement are all very common reasons for selling your private mortgage note. Unexpected Expenses Life can bring the unexpected including medical expenses and even litigation. Selling your note can alleviate some of the financial strain caused by these events. Risk Mitigation
In the United States, a mortgage note, also known as: – Seller Financed Mortgage Note – Commercial Property Note – Real Estate Note – Contracts for Deed – Land Contract – Balloon Note – Interest Only Note – Performing Note is a promissory note secured by a specified mortgage loan. Mortgage note buyers are companies
There are different of ways to buy and sell a mortgage note. Mortgage note owners have the option of selling only a portion of the mortgage note. In this case, instead of buying the entire note, the mortgage buyer purchases just some of the payments or the payments and part of the balloon. In the
Most notes can be sold if they have at least one of the following: 1 – It is a seasoned note 2 – Significant buyer equity 3 – Good payment history 4 – Payer has a good credit score The best way to know whether you can sell your note is by submitting a free,
Fact 1: Almost every mortgage note can be sold, even mortgage notes where the payments are not being made on a timely basis. Fact 2: There is a number of note buyers (banks and brokers) on U.S. market that compete for your mortgage note. Fact 3: Mortgage note holders have a number of different sale/payment
