Services

If you are collecting note payments, you could choose to sell your entire remaining balance or only a portion.  Turn your slow-paying note into fast cash.  We streamline the whole process and work with you to make it easy.  We are here to help.

We take things step-by-step, guiding you through the process.  

1.  Contact us to get started and learn more

2.  Share your loan document information and pay history

3.  Sign a "commitment to purchase agreement" which allows us to begin due diligence

4.  We'll order (and in most cases pay for) property, title, and borrower credit reports

5.  We'll pay for closing costs and  work with a local title company, send closing documents to you, or schedule a mobile notary to come to you to handle the closing

6.  We'll send you the money

We do all the heavy lifting, take the time to explain the process to you each step of the way, and keep you updated throughout.

Most transactions where we purchase residential real estate notes close in about a month.  You can have cash in about 30 days from the beginning of the process.

Sometimes things take extra time.  There can be issues related to the title, pay history, or documents that can take extra time.  Be assured that Note Buying Service will make sure that all the details are sorted out and will keep you updated throughout.  We've done this before and will guide you through the process, keeping you updated.

We want you to be paid as quickly as possible!

Jim is ready to talk to you about your note.  Don't worry if you don't have all your paperwork ready; let's just start with a chat.

Selling your note won't cause any changes to the borrower.  They simply will make the same payments with the same terms to someone other than you.  You'll be getting a lump sum of cash, and the new note owner will receive the payments from the borrower.

Selling a real estate note is like selling a used car.  The buyer wants to know the make and model, how many miles it has, what condition it's in, and they might want a mechanic to check it out.

Selling a note is similar.  When Note Buying Service buys a note, there are various things we consider:

1.  The collateral securing the loan

2.  The borrower's credit profile and ability to pay

3.  The balance and pay history

4.  The note's terms

5.  The property's title history

6.  Taxes and insurance

7.  The paperwork and legal documents

To begin with, we will ask for these things:

1.  The property address

2.  The last date the property sold, the sale amount, and the downpayment amount

3.  The current principal balance

4.  The next payment due date

5.  A copy of the signed promissory note

6.  A copy of the recorded mortgage, deed of trust, or other type of security instrument

7.  A copy of any loan modifications or forbearances