Frequently asked questions

A mortgage note is the written promise to repay a real estate debt, secured by the property through a mortgage or deed of trust. If you sold a property with owner financing and now collect monthly payments, you hold a mortgage note. It can be sold to a buyer like us for a lump sum of cash.

Common reasons include needing cash now rather than payments over many years, investing the proceeds elsewhere, eliminating the risk and hassle of collecting payments, settling an estate or divorce, simplifying finances, or wanting certainty instead of a long-term payment stream that depends on the borrower continuing to pay.

A note is worth the present value of its remaining payments at a buyer’s required yield (commonly 9%–12%), adjusted for the interest rate, payment history, equity, lien position, the property, and the state’s foreclosure process. Use our note value calculator for an estimated range, then request a quote for a firm number.

Because the payments arrive over many years, and money received in the future is worth less than money today. A buyer discounts the future payments to present value to earn a return, so the price is below the unpaid balance. A higher interest rate, strong seasoning, and good equity bring the offer closer to the balance.

Yes. We buy both performing and non-performing notes. If the borrower has stopped paying, we value the note on the property and the cost and time to recover it rather than on a reliable payment stream, so the discount is deeper — but the note is still sellable, and we take on the workout.

Yes. A partial purchase lets you sell a set number of upcoming payments for cash now and keep the rest of the note, which reverts to you afterward. Partials often carry a gentler effective discount and let you keep some income, which is useful if you only need a portion of the value in cash.

We are a direct buyer. We purchase and hold the notes we buy rather than marking them up and re-selling them. That keeps the transaction simpler and means you’re working with the actual decision-maker, not a middleman who takes a spread.

We typically provide a quote within one business day, and most purchases close in about 14 to 30 days once we have your documents and clear title. A complete, organized document file is the single biggest factor in a fast closing.

Typically the original promissory note, the recorded mortgage or deed of trust, the original closing/settlement statement, a payment history, proof of insurance, and current title information. If something is missing — a lost original or unrecorded lien — most issues can be cured; just let us know early.

No. Quotes are always free and carry no obligation. Any costs associated with closing are disclosed clearly in your offer. You decide whether to proceed, with no pressure.

Yes, we buy notes nationwide. Because foreclosure speed and cost vary by state, the location of the property affects pricing — fast non-judicial states like Texas and Georgia support stronger values than slow judicial states like Florida and New York. We adjust for each state’s process.

Residential and commercial mortgage notes, owner-financed notes, non-performing notes, land contracts (contracts for deed), and promissory notes — performing and in default, first liens and (case-by-case) second liens. If you’re unsure whether your note qualifies, just ask.

The borrower’s terms don’t change — they keep paying the same amount on the same schedule. They’re simply notified to send future payments to the new noteholder or its servicer. Selling the note transfers the right to collect; it does not alter the borrower’s loan.

No. Our guides, glossary, and calculators are general educational information to help you make an informed decision. They are not legal, tax, or financial advice. Foreclosure, redemption, and deficiency rules vary by state — consult a qualified attorney or advisor about your specific situation.