What factors affect the value of a promissory note:
A good note should have a Term of 5,7 or 10 Years, shorter is better, an interest rate of 7 to 10%, a down payment of at least 10%, 20% is better, the credit score the payor should be better than 620 and of course the value of the collateral should cover the value of the note.
What Types of Real Estate Notes Do You Buy?
- Single family homes notes
- Notes on Condos and Town Homes
- Mobile Home Notes with Land - Both Single wide and Double wide mobile homes.
- Duplexes. Triplexes and Fourplexes
- Commercial Real Estate
- Land
Are There Any Bank That Buy Mortgages Notes?
Not really. Most banks originate mortgages and trust deeds they typically do not buy owner financed mortgage notes.
Do You Buy Unsecured Promissory Notes
Unfortunately due the risky nature of unsecured notes we do not purchase them.
Do you by parts of notes (Partials)?
Yes this is one of our favorite ways to buy real estate notes, this is a a great way to sell your note if you only need a certain amount of money and do not need to sell the whole note. Also the discount on a partial purchase is generally less than if you sell the whole note.
What Documents do you need from me to sell my note?
- A copy of the signed promissory note
- A copy of the Mortgage or Trust Deed (The Security Instrument)
- Lender's Title Insurance
- Escrow Instructions
- Insurance Policy on the Note
- Payment History on the note
- Credit Report of the payor
​
What factors affect the value of a promissory note:
A good note should have a Term of 5,7 or 10 Years, shorter is better, an interest rate of 7 to 10%, a down payment of at least 10%, 20% is better, the credit score the payor should be better than 620 and of course the value of the collateral should cover the value of the note.
What Types of Real Estate Notes Do You Buy?
- Single family homes notes
- Notes on Condos and Town Homes
- Mobile Home Notes with Land - Both Single wide and Double wide mobile homes.
- Duplexes. Triplexes and Fourplexes
- Commercial Real Estate
- Land
Are There Any Bank That Buy Mortgages Notes?
Not really. Most banks originate mortgages and trust deeds they typically do not buy owner financed mortgage notes.
Do You Buy Unsecured Promissory Notes
Unfortunately due the risky nature of unsecured notes we do not purchase them.
Do you by parts of notes (Partials)?
Yes this is one of our favorite ways to buy real estate notes, this is a a great way to sell your note if you only need a certain amount of money and do not need to sell the whole note. Also the discount on a partial purchase is generally less than if you sell the whole note.
What Documents do you need from me to sell my note?
- A copy of the signed promissory note
- A copy of the Mortgage or Trust Deed (The Security Instrument)
- Lender's Title Insurance
- Escrow Instructions
- Insurance Policy on the Note
- Payment History on the note
- Credit Report of the payor
​