I want to sell my mortgage note. Does the property type matter?

Yes.

The type of property you sold to create your real estate note will have a big impact on the "cash value" of your note.

Real estate comes in 64 different flavors:
Single Family House
Commercial Retail Building
8 Unit apartment complex
40 acres raw land
Condo unit in a 355 unit building
1/4 acre buildable lot
Gas station
Movie Theatre
Pizza restaurant
Strip mall
1972 single wide mobile home on 4 acres
Mixed use - flower shop on bottom and 2 unit apartment above
etc.

Not every property type has the same "attractiveness" to a note buyer.

Always remember that a note buyer will always be looking at your note and considering the "worst case" scenario... Which would be a default by the note payor.

Which means the property would now have to go through the foreclosure process and eventually be resold.

Some properties are much more "sellable" than other properties.

Question: Which property would sell quicker and faster?
Propert A) A 40 acre piece of raw land located in the mountains of Wyoming.
Access to the property is by rocky goat trail only.

Property B) A nice 8 year old house in a cute little subdivision just 20
minutes from Seattle.

If you picked property "A" as more sellable, please contact me as soon as possible. I have some land I need to show you.

Different kinds of property will appeal to different potential buyers. A single family home simply has the most potential buyers - therefore is a "more desirable" property type for a potential note buyer.

Are you receiving payments on property you sold?

If you have a question on the desirability of the property type you sold to create your real estate note - feel free to drop me a line...