01) Will I need to attend the closing?

Not necessarily. Our office can close the transaction by sending you a closing package along with easy to follow instructions.  

02) Let's say that I'm holding a mortgage with a balance of $25,000. Will you pay me the entire $25,000?  

You don’t have your balance in hand… What you have is a PROMISE of payments over the remaining term on your note. The value of money decreases over time: a $100 bill will buy less in ten years than it would today. Because of this, the amount paid will be less than the current balance.

03) How Much Will I Get for My Mortgage Note?

Our purchase price will vary with the different types of collateral that exists, the quality of the Payors on the note, and general economic market conditions. The “discount” of the remaining principal balance owed varies according to the rate of interest and the remaining term on the note. Ever sensitive of the “discount” issue, we have experienced personnel that are always ready to assist you in discussing alternative ways to maximize the amount of cash you can obtain from the sale of your note.

04) What if I can't find all the documents?  

"That's OK. The lawyer or title company which handled the property sale should have copies of the key documents or be able to get them for us."  

05) How Long Will It Take to Receive My Cash?

Generally a few days if the file documentation is complete. Typically closings take place within 10-12 business days from the time a decision is made to move forward

06) How much of a discount will I have to take?

"As little as possible… Each note is different."

07) What Are My Costs?

 You pay no points or fees. The amount that I’ll quote is the cash you will receive!

08) Can This Be Done Through the Mail?

Yes! The sale of your mortgage can be completed easily and confidentially, through the mail or in person!

09) Will the Terms of My Mortgage Note Change?

Absolutely not… The sale of your note never changes the interest rate of your mortgage note, the monthly payments, or any other term of your mortgage.

10) Is This a New Idea?

No. Banks and individuals have been selling notes for years. This is a simple and easy way for you to obtain cash.

11) What Types of Properties and Mortgages will you consider?

I will consider buying mortgages on most types of real estate properties including residential, multifamily, mobile homes, certain types of commercial properties, and land only. The properties may be secured by first or second mortgages, contracts for deed or land contracts. Various levels of credit will also be considered.



12) The Payor on my note has had some credit problems in the past. Will this prevent you from purchasing my note?

Usually not… Our investors look at the entire package when purchasing your receivable. If there is a good payment history on the note for the past year or if there is a substantial down payment on the property most credit problems can be overlooked.

13) Do I have to sell all of my note or contract?

Our investors have the ability to structure a purchase plan to fit your needs. If you do not want to sell your entire note we can purchase a number of payments… It’s best to sell the entire note and get out of the picture altogether.

14) Why are mortgages discounted?

Money received today is worth more than money due in the future. When a seller wishes to obtain a cash payoff, the mortgage must be discounted to make the yield attractive to an investor. The investor is also taking a risk.