Sell My Note - Sell Private Mortgage Info

FAQs - Mortgage Buyer (If you don't find an answer to your question, call my toll free number 1-877-655-5625 and I will do my best to answer your question.)

1. What are the advantages of selling an owner financed mortgage? - The two biggest advantages are a) Accessing the cash now for critical investments or expenses and b) Eliminating the hassles of managing the borrower's payments and reporting.

2. What are the criteria for how much I will receive for my private mortgage? There are 4 main factors. They are: Equity in the property, seasoning on the note, the interest rate on the note and lastly the credit of the borrower.

3. Will an appraisal be necessary for me to sell my note? Yes.

4. Will you need to check the buyers credit? Yes, it is a very important factor in determining the lump sum payment we pay when you sell private mortgage.

5. How long does it typically take to receive my lump sum payment for my owner financed mortgage note? Typically 1 to 2 weeks.

6. Do you buy private mortgages on mobile homes? Yes, if they include the land.

7. Do you buy private mortgages on raw land? Yes, with or without improvements.

8. Do you buy mortgages on commercial property? Yes.

9. What if I don't know the credit of the borrower that I gave an owner financed morgage? We will quote you an estimated lump sum settlement based on your best guess and adjust (up or down) the final payment after credit is pulled.

10. Do you buy Land Contracts? Yes

11. Do you buy deed of trusts? Yes.

12. I would like to sell my mortgage payments for some extra cash but am afraid of loosing all the monthly income? Not to worry. We can make a partial purchase of your private note for just the amount you need

13. What is the minimum mortgage size you will buy? $20,000..

14. Do you buy mortgages on condos? Yes.