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 or investors with the capital to purchase a mortgage note.
If someone is holding a private mortgage, these investors will give cash and take over receiving the monthly payments that were being paid to the previous owner.
Mortgage notes could be anything from $10,000 to tens of millions of dollars.
NoteAdvocate is a free platform providing tools and resources designed to equip note sellers through the mortgage note selling process.
Our matching engine will find the best note buyers in our Trusted Buyer Network who are willing to pay you top dollar for your note.