What kinds of notes do you buy?

We buy a variety of notes, secured by a first priority lien against real property, both performing and non-performing, closed-end or open-end with balloon payments that are owner-occupied, or non-owner occupied.

What types of real estate can secure the note?

We acquire notes secured by many types of properties such as Residential, Commercial, Multi-Family aka Apartments (5+ multiple dwelling units), Industrial, Mixed-Use and Special Use properties - including hotels, restaurants, mobile home parks, assisted living facilities, and self-storage.

Do you buy notes secured by Manufactured/Mobile & Modular Homes?

Yes. We can buy the note if the Manufactured, Mobile, or Modular factory-built unit is installed on a permanent foundation system.

Will it cost me anything to get a quote?

No. There is no cost or obligation to receive a written offer to buy your note.

Are there any fees or commissions to work with you?

No. We do not charge the note seller any fees or commissions.

Will it cost me anything to sell my note to you?

No, we cover all the costs. In fact, you will not pay any costs at all during the entire process… we pay every cost associated with the transaction.

Is there any obligation when I submit my info?

No obligation at all. We may need to set up a call with you to find out more about the borrower or confirm some details to make you a cash offer in writing.

How is the note payor/property owner impacted?

Throughout the process we will respect the privacy of all the data you provide to us. A transfer or sale of the note should not affect the payer. We shall adhere to the original terms of the contract. Once we have purchased the loan, we will introduce ourselves and share information including the new payment address and contact information. We treat all our clients with the utmost respect and cooperation.

What are some of the factors you consider in making your offer?

Below is a list of the most key factors in our decision-making process:

• Credit of the payor
• Type of property
• Location
• Amount of Equity
• Condition of the property
• Interest rate
• Timeliness of payments

Will you buy my note at full price?

Rarely! Among other things, we must cover our expenses including the appraisal and title fees as well as the risk we assume in buying the note including delayed payments, loss of equity, and more. Nevertheless, you can be assured that we will offer a competitive price, experienced staff, and proven processes that will lead to a timely, and successful closing.

What sets us apart from the competition?

Here are some key points we think sets us apart from our competitors:

• Our staff has 3 decades of experience in real estate and mortgage notes.
• We have assisted many in their mortgage financing and have seen the good, the bad and the ugly. If there is a deal to be made - we will make it!
• We are nimble and reach decisions quickly, saving you time and money. If the deal is not for us, we will let you know immediately.
• Across the nation, we have diverse partners that we rely on to help with our due diligence and timely closing of the process.
• Our processes are proven and designed to close the deal as soon as possible.
• We have ready, available cash to fund the deal.
• We always act in the most ethical manner respecting all our clients’ privacy.
• We look for win-win-win principles, including you, the property owner and us!

What is the process?

We strive to make the process as simple, efficient, and timely as we can. Here are some of the key steps in the process:

• You start the process by reaching out and sharing key information about the note.
• We will forward a no-obligation quote. If you like our quote, we will forward our standard purchase agreement.
• We then start our due diligence including ordering title and appraisal, verifying status of taxes, insurance, and HOA, if any. We may also run a credit report on the payor.
• Upon completion, we will call to schedule closing and send you the funds!

How long does the process take?

On performing loans, typically, the entire process through funding can be completed in 15 business days or less. Much depends on how quickly we receive what we need from you. Our processes are proven and designed to close as soon as possible.

On non-performing loans, typically, we close within 3-4 weeks, but we ask you to allow 45 days (about 1 and a half months) in case of any unforeseen title or foreclosure issues that need to be resolved.

How do I get started?

The first step is to obtain a quote using this online form or by calling 833-4NOTEAC (833-466-8322). If you like our quote, we will provide you with an offer subject to the standard title, appraisal, and buyer’s credit review and documents relating to your transaction:

• Note and Mortgage (Deed of Trust or Contract)
• Closing statement
• Buyer information
• Pay history and current balance
• Previous title insurance policy
• Current hazard insurance policy
• Once we gather information from you, we will order title work and an appraisal and may pull a credit report on the payor. Once we verify all the details, we will schedule the closing.

Where will the closing take place?

We typically close at a title company or attorney’s office in the county where the property is located. If you already have a title policy, we will close at the same title company or attorney’s office who issued the policy.

Can this be done through the mail?

Yes, the sale of your note can be completed easily and confidentially through the mail.

How will I be paid if I decide to sell my note?

The purchase price is paid in guaranteed funds (cashier’s check or wire transfer) upon receipt of the final transfer package and original documents. We are happy to wire funds to the title company so you may exchange your original documents for the proceeds, assuring the safe and secure transfer of your assets.