What We Buy

50 States
We buy seller carried mortgages secured by real estate located in the 50 states.

We Buy All Balances, Large and Small
There is no minimum or maximum balance that we'll buy. We have bought seller carried real estate mortgages as large as $5 million and as small as a few thousand dollars.

We're Focused on First Position Loans
Almost every seller carried real estate mortgage we own is in first lienholder position. And we like it that way. That's not to say we won't buy a second, but it's rare.

Deadbeat Borrowers
Most of the seller carried real estate mortgages we buy are current. However, defaulted mortgages can also be bought at a larger discount.

What We Don't Buy

Unusual Cash Flows
We don't buy business loans, judgments, lottery winnings, structured settlements, inheritances, accounts receivable, agricultural contracts, IOU's from your grandson or other wacky cash flows.

Questionable Collateral
We're not interested in buying seller carried real estate mortgages that are secured by questionable collateral. As a rule, we avoid properties that are in poor condition or that can't be sold quickly in the event of a default.

Real Estate That Requires a License to Operate
We don't buy seller carried mortgages secured by any real estate that requires a license to operate. This includes seller carried real estate mortgages secured by day care enters, adult care facilities and nursing homes. And taverns! Did we mention taverns? We absolutely don't buy seller carried real estate mortgages secured by taverns.