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Real Estate:
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Sell Mortgage NoteThese days many people are looking to sell mortgage note to have access to an immediate source of cash rather than rely on monthly payments over a period of many years. It is certainly much easier than taking out a new loan, as you can sell your note quickly and easily with an experienced note buyer.You might be asking, why do people sell mortgage notes? Well, everyone has their own reasons but usually they are in need of a lump sum of money for a new investment, to make a bulk payment or for a special purchase. Sometimes a note holder comes across an incredible investment opportunity, and wants to put as much money as possible to maximize his or her potential earnings. By selling the real estate note and investing the proceeds, they could make many multiples of what they would have made by retaining the paper until it is fully paid off. You have many options when it comes time to sell your mortgage note. You can sell the entire paper, which will give you the most money upfront, or you can sell just a portion of it, called a partial sale. In this arrangement, you sell some of the payments for an agreed upon amount, yet retain the rest of the monthly payments. You can sell mortgage note many different ways, and an experienced buyer will spell out all of your available options. When it comes to finding a reputable buyer, look for someone with years of experience in the business, someone who is able to answer all of your questions and explains the entire process to you as well as your options. Find someone who you are comfortable with, who doesn't pressure you into selling. The initial consultation should be free, and there should not be any fees or closing costs. All of the costs should be built into the price you sell your mortgage note for. How much can you expect to get for your note? That will depend on a number of factors, including the remaining balance, the time span, the property value, the financial stability of the payor, and other intrinsic factors. Keep in mind that the note buyer is assuming the risk, so it has to make sense for them financially. However, it is always advantageous to you because a) you are receiving a guaranteed amount of money, and b) you are no longer taking the risk of your payor defaulting. So essentially, when you sell mortgage note you are buying peace of mind...and you can't put a price on that. So if you are looking for an immediate source of cash, you can sell mortgage notes rather quickly and use that cash right away for whatever you need it for. We hope this information was helpful, and wish you luck with your mortgage note sale. |
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Do you have a note to sell? Our experts have researched dozens of top note buyers across the country to determine which are the very best. In order to arrive at their top recommendation, they created a list of strict criteria which the company would have to meet. Only after meeting ALL of these criteria would a note buyer become a recommended resource for our visitors. Here are the criteria they must meet: * Extensive experience with note buying * Stellar reputation in the industry * Excellent customer service * Repeat business and referrals * Maximum prices for notes * Quick turnaround times * Helpful staff * Qualified underwriting team * Diversified services * Free preliminary valuations We set the bar very high to ensure that the company we recommended would provide the very best service to our visitors. What we found was some companies met most of the criteria, but did not meet a few important ones such as repeat business, competitive pricing or free valuations. Those are very important elements of the note buying process. There was one company that did meet all (10) of the criteria outline above, along with a few additional criteria that we did not include. We were very impressed with what we found and can confidently recommend the company to our visitors. If you are ready to sell your note just follow the link provided to fill out our secure request form, and a leading nationwide note buyer will call you and let you know your options. |