Mortgage Note Buyer Real Estate Note Buyer Promissory Note Buyer or simply Note Buyer... We go by many names and I'll bet if you have a note to sell you're probably asking yourself if there's a difference. If so, what are they? Well... the answer is - it depends. For the most part if you have a note secured by a Mortgage or Deed of Trust a Mortgage Note Buyer would be a great place to start. However, if your note is not secured by a one of these, a Mortgage Note Buyer will insist on having the agreement modified and converted to a Mortgage or Deed of Trust. This can be a bit confusing so let's break it down. However, if you've arrived on this page and simply want a cash offer on your note click here and complete the brief questionnaire. When someone sells real property and is willing to take the risk and become the bank for the buyer we refer to this process as owner financing or creating a seller carry back note. When the two parties close the deal a note is created, laying out all the terms and conditions of the transaction, sale price, down payment, interest rate, etc. However, depending on the State in which the transaction took place the choice of documents utilized by the closing entity will vary. Also, there have recently been many changes in real estate laws and statues around the country and the majority of these new laws have been put in place to protect the buyer's interest or the State. Therefore one of the downsides to this regulatory environment is that investors now believe it's in the best interest of all parties to convert every land contract or any standing agreement into a promissory note secured by a Deed of Trust or Mortgage if it isn't already.
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As a Mortgage Note Buyer, Note Buyers of America purchases private Mortgages, Promissory Notes, Real Estate Notes and Contracts, Land Contracts and Trust Deeds with over 40 years of industry experience. From Rhode Island to Hawaii, we have the expertise and knowledge to purchase your note in a timely fashion and provide an attractive cash out option. If you are currently receiving payments for a piece of property you sold in this manner and would prefer your cash, we can help - Right Now!