Owner-financed notes are mortgage notes that are held by an individual, not a bank. Alternatively, it is called a seller-financed mortgage note.
Instead of waiting for recurring payments and handling the borrower's payments, selling mortgage notes for cash to a note buyer in the secondary mortgage note market is also a viable option.
Selling your mortgage note comes with several benefits. One of the most apparent benefits is that it frees up an immediate lump sum of cash that can be invested or applied towards other purposes. Other advantages include the following:
When you're ready to begin selling your real estate note, We Buy Loans Fast can guide you through the process and give you a free quote.
If it’s your first time selling your mortgage note, the process might seem overwhelming. Our experts at We Buy Loans Fast can guide you throughout this process.
Generally, it is a simple, straightforward process for a note holder to sell their private mortgage note to a purchasing company. By taking the following actions, you can have the money in no time.
The entire process of selling a note usually takes 15 to 30 days, depending on the state/property location, the availability of local appraisers, and the title company responsible for conducting the title search.
There simply isn't a quicker or simpler way to sell your loan than with We Buy Loans Fast. A firm cash offer can be provided to you quickly, and we typically close in just as soon as two weeks. With us, there is usually no need to reduce our firm offer, and we are committed to closing the deal as soon as possible!