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Sell My Mortgage Note

Mortgage notes, also known as promissory notes, are financial instruments that define and enforce the terms of a real estate mortgage loan. Mortgage note holders can sell their mortgage notes for cash to a buyer in the secondary mortgage note industry to get money immediately rather than waiting for ongoing payments and managing the borrower’s payments.

What is a mortgage note?

A mortgage note is a legal document that promises to repay a loan in total, with interest, by a certain date, and with specified payments time frames. The note is the document that gives the lender the right to foreclose on a property if the borrower stops making payments. It is also the document that the borrower signs when they agree to the terms of the loan.
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How much is the mortgage note worth?

This is a difficult question to answer without knowing more about the mortgage note and its specific circumstances. Generally speaking, a mortgage note is worth the outstanding balance of the loan, plus any interest that is owed. However, there are many factors that can affect the value of a mortgage note, including the type of loan, the interest rate, the term of the loan, and the borrower's credit history.

Assuming you are the original homeowner and not in foreclosure: Your mortgage note is a promissory note secured by a deed of trust or mortgage on your home. The note will have the name of your lender, your signature, the loan amount, the interest rate, and the date the loan is due. If you want to learn more about your mortgage note worth, please contact us to get a free quote and see how it works.

What are the benefits of selling my mortgage note?

The benefits of selling your mortgage note are numerous. Perhaps the most obvious benefit is that it frees up cash that can be used for other purposes, such as investing or paying down other debts.

How to Sell Your Mortgage Note for the Highest Price Possible?

The process of selling a mortgage note is simple and easy to understand. A person or business that collects loan payments can sell a mortgage note for a lump sum of cash now instead of keeping the loan for many years. Depending on how much money you need, you can sell all or part of your note. Here are some tips to help you start selling your mortgage note.

1. Make a Decision to Sell
2. Choose Between Full or Partial Sale
3. Request a quote
4. Evaluate the collateral property
5. Get your money

Step 1: Make a Decision to Sell

The benefits of selling your mortgage note are numerous. Perhaps the most obvious benefit is that it frees up cash that can be used for other purposes, such as investing or paying down other debts.

Step 1: Make a Decision to Sell

Making the choice to sell your note is the first step in the process of selling your note. Mortgage notes can be easily converted into cash for some people in a situation needing capital today. Seller-backed financing, on the other hand, may have been employed by someone who wanted to buy a house quickly and intended to resell the note.

Why should you sell your mortgage notes?
There are many reasons why you should sell your mortgage note. Among them are the following:

1. You want to divide a large fortune among several beneficiaries
2. You want to get rid of the stress of managing your notes
3. You want to retain enough money for a comfortable retirement
4. You want to free up funds to make other investments.
5. You want to put your company on the market

What type of notes can you sell?

1. Mortgage Notes
2. Seller Financed Mortgage Notes
3. Contracts for Deed
4. Land Contracts
5. Balloon Notes
6. Interest Only Notes
7. Performing Notes
8. Non-Performing Notes

Step 2: Choose Between Full or Partial Sale

The benefits of selling your mortgage note are numerous. Perhaps the most obvious benefit is that it frees up cash that can be used for other purposes, such as investing or paying down other debts.

It involves selling the entire asset and swapping your ownership rights for cash in a sale. When selling a property and employing seller-based financing is the only option, this method is common. For the most part, note holders who wish to sell their notes acquired their notes in this manner.

Step 3: Request a quote

To provide you with a quote, your next step is to find a company that buys mortgage notes. Finding a quality company that buys mortgage notes will include the customer service and expertise you have during the process, as well as how much money you can get for your note.

Getting a quote for your mortgage note can be done over the phone and for free. We Buy Loans Fast offers a free cash offer for your mortgage note. We will help you through the process from start to finish.
For a more accurate quote, documents such as a promissory note, title

commitments, and closing statements will be helpful for our assessment. Detailed information about the loan, the property address, and the borrower's personal data are what we usually need for a free loan review.

Step 4: Evaluate the collateral property

When determining a note’s value, we look at the terms of the loan and the market surrounding the collateral property. We now have a solid estimate of our ability to repay the loan based on our current LTV. It is possible that our loan specialist will know your loan terms well enough to make you a fair offer on the first phone contact.

Next, we will provide a fair and firm offer on your loan. From the time you accept the offer, we can typically close in as little at 2 weeks, or we will work with you to find a time that works best for your schedule.

Step 5: Get your Money

Once due diligence checks out as expected, we will close the sale of your note. The usual final step of the process of the sale is to sign the final papers. The paperwork for the closing makes the sale official and changes who owns the note.

After we get the signed paperwork, we can officially close the sale. This process usually happens the same day as closing, and we wire the money directly into your bank account. Our team will be available at every step for you to sell your notes.

How do I find a buyer for my mortgage note?

There is no one-size-fits-all answer to this question, as the best way to find a buyer for your mortgage note will vary depending on your situation. We Buy Loans Fast is a mortgage note buyer you can trust. We offer a fair, all-cash offer for your loan.
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Free Loan Review
We review your loan first so we can quickly make an offer you can depend on.
Firm Cash Offer
Firm Cash Offer
When we do make our firm cash offer, you can trust it won't change before closing.
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Quick Close
We can close as fast as two weeks or whenever you prefer.
There can be a lot of uncertainty involved with selling your loan. How much (or if) you should sell for, and whether or not your debt is marketable, are two of the most important questions.

For some, owning a loan is a reliable source of income, but for others, it is a management, legal, and risk burden. We've helped thousands of people sell their loans smoothly and move on with their lives, free of the worry that managing a loan may cause.

We've helped more loan sellers get out of bad situations than anybody else. Contact us today!

How do I find a buyer for my mortgage note?

There is no one-size-fits-all answer to this question, as the best way to find a buyer for your mortgage note will vary depending on your situation. We Buy Loans Fast is a mortgage note buyer you can trust. We offer a fair, all-cash offer for your loan.
GET A CASH OFFER!
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Let's Talk
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Get a Fair Cash Offer
You sell directly to us. That means absolutely no difficult process or expensive brokers
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A Fast Closing
Avoid the hassle of managing your loan and waiting years to get paid. We can close as quickly, or as slowly, as you want.
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