A. Every note, real estate contract, mortgage or trust deed is priced based on the following variables:

  • The type of property
  • The current value of the property
  • The current balance on the note
  • The selling price of the property
  • The location of the real estate
  • Length of time you owned the property prior to selling it
  • The down payment paid by the borrower (payor)
  • The interest rate
  • The monthly payment amount
  • The number of payments paid and the remaining term left
  • Credit of the payor
  • The payment history on the note

Simply pick up your phone and give us a call 1-866-478-0585. Either Tom, Geoff, or McKay will be happy to chat with you and make you an offer to purchase your note based on these variables.

A. The whole process from start to finish, usually takes 1-3 weeks. Title insurance is required on each transaction and a "drive by" appraisal is also needed. Some areas of the country are quicker than others. The last few note buys in Oregon took a week and a half. A recent one in Arizona took just over 2 weeks from start to finish.

A. Nope. All the terms and conditions of the note/mortgage stay the same. The person making payments on the note will see no change other than our Seattle address.

A. A full buyout of your note means that you are selling the entire note. A partial buyout means that you are just selling a certain number of payments. For example, let's assume you have a note that has 27 years of remaining payments left on it. One example of a partial buyout is for you to sell the next 5 years of monthly payments to us.

You would receive a lump sum of cash now. We would receive the next 5 years of monthly payments before the note reverts back to you. You would then start receiving payments again for the remaining 22 years.