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Mortgage Note Purchase Guidelines

Nationwide Buyers of Mortgage Notes

We are a recognized nationwide purchaser of privately held, real estate backed promissory notes and pride ourselves on our ability to provide you with a “top dollar” purchase offer.   We purchase private loans ranging from as small as $50,000 to as large as $3,000,000 and more. We close quickly and don’t require any fees paid by you to us for your note sale.  Additionally, we can customize your note sale and provide you with cash out options such as purchasing just a percentage of your note, the entire note balance, a future balloon payment, or we can even purchase a set number of future monthly payments. 

Private Mortgage Notes

Private Mortgage Notes, or as they are sometimes known, Owner Carry-Back Mortgages, are mortgage-backed promissory notes that result when a seller of a single family home, condo, multi-family residence or other residential or commercial building provides some degree of finance to the new buyer at the time of closing.  Such private notes can represent the full amount of the mortgage on the sale (first position notes) or can be for a portion of the mortgage (second position notes) behind a traditional first mortgage lender.  Historically, Private Mortgage Notes have been excellent investments but sometimes, holders do need to sell for a variety of reasons.

Types of Notes We Purchase

  • Immediate Lump Sum Cash for Reinvestment
  • Eliminate Foreclosure Risks and Bankruptcy Concerns
  • No More Collection Problems
  • Eliminates IRS and Tax Reporting Problems
  • No More Worry About Property Damage
  • No Unpaid Real Estate Tax Worries
  • No More Insurance Lapse Concerns

Types of Notes We Purchase

  • New Notes
  • Seasoned Notes
  • Note Portfolios
  • Senior Liens
  • Balloons
  • Real Estate Mortgages
  • Contracts for Deed
  • Land Contracts
  • Deeds of Trust / Trust Deeds
  • Partial Interest

Acceptable Property Types

  • Single Family Residential
  • Multi-Family Properties
  • Condominiums
  • Small Apartment Buildings
  • Commercial Properties
  • Mobile Homes with Land

Minimum ITV Values

  • Owner Occupied Single Family Residential (75%)
  • Non-Owner Occupied Single Family Residential (70%)
  • Commercial Properties (60% -75%)

Get a Fast Cash Quotation

Is now the right time to sell your owner financed private mortage note?  One of the best ways to find out is to request a free, no-obligation note quotation from one of our experienced contract buyers.