Obtain the Cash you need now
You sold your home, commercial real estate or other real estate property through seller financing. You took a promissory note and a mortgage or trust deed for investment purposes or to close the deal. This arrangement worked well for a time but your circumstances have changed. You need cash now, maybe to buy another property or for some unforeseen emergency. It would take years for you to get all the money you need if you had to wait until payments sufficient to buy the item accumulated. But you don't have to wait! By selling your note, you can have the funds you need now.
Avoid debt
Selling your mortgage note is preferable to borrowing. To borrow money, you will have satisfy the lending and credit requirements of a bank or other lender. If you qualify for the loan, you will incur debt, debt that must be repaid. Moreover, loan costs are high. In addition to interest and principal you may have to pay points, appraisal fees, loan origination fees and other charges. By selling your note you will avoid all these costs and will have no monthly payments to make. This makes sense.
Rid yourself of collection worries and the risk of non-payment
Even though your loan is adequately collateralized by real property you worry that your borrower may stop making payments if he loses his job, is injured, gets divorced or is struck by some other unforeseen emergency. Foreclosure procedures are time consuming and troublesome. Even if the foreclosure goes precisely by the book, you will lose the income on which you were depending for several months. And after the foreclosure, you'll be faced with the problem of reselling the property. By selling your note to an investment company that specializes in the ownership of mortgage and trust deed notes, you'll rid yourself of these burdens and potential hassles.
Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions. |