How selling your mortgage note works
No mystery, no pressure. Here's the entire process — how we value your note, what we'll need, and how you get paid.
Four steps from quote to cash
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1. Tell us about your note
Send the basics: property address, unpaid principal balance, interest rate, monthly payment, remaining term, and whether the borrower is current. It’s free and takes a few minutes.
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2. We provide a free quote
We review your note and respond — usually within one business day — with a no-obligation cash offer and a plain explanation of how we valued it.
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3. You accept and we begin diligence
If the number works for you, we verify the payment history, order a title search and a property valuation (appraisal or broker price opinion), and review the note and security instrument.
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4. We close and you get paid
You endorse the note and sign an assignment of the mortgage or deed of trust. The assignment is recorded and funds are disbursed through a title company or attorney — typically in 14–30 days.
What goes into your offer
A note's price is the present value of its future payments, adjusted for risk. These are the seven factors that move it.
Interest rate
A higher rate produces more income relative to principal, which raises value.
Payment history (seasoning)
Documented on-time payments — especially 12+ months — lower risk and improve your price.
Equity / loan-to-value
More equity behind the note means the property comfortably covers the balance on default.
Lien position
First liens are paid before other claims and are worth materially more than seconds.
Property value & condition
The collateral is the ultimate backstop; a solid, verifiable value supports a better offer.
State foreclosure process
Fast non-judicial states (Texas, Georgia) support higher prices than slow judicial states (Florida, New York).
Performing vs non-performing
Current notes are valued on payments; defaulted notes on the property and recovery, at a deeper discount.
How it works: common questions
How do you decide what to offer for my note?
We calculate the present value of your note’s remaining payments at a yield that reflects its risk (commonly 9%–12%), then adjust for the interest rate, payment history, equity, lien position, the property, and the state’s foreclosure laws. We explain the figure when we send your quote, and our note value calculator lets you preview the range yourself.
What documents will you need?
Typically the original promissory note, the recorded mortgage or deed of trust, the closing/settlement statement, a payment history, proof of insurance, and current title information. If anything is missing, we’ll tell you what’s needed — most issues can be resolved.
Is there any cost or obligation to get a quote?
No. Quotes are free and carry no obligation. Any closing costs are disclosed in your offer. You’re in control and only proceed if the deal makes sense for you.
How long does the whole process take?
A quote usually comes within one business day, and most purchases close in about 14 to 30 days. The pace depends on how quickly due diligence is completed, which is faster with a complete, organized document file.
Ready to find out what your note is worth?
Get a free, no-obligation cash quote. Most note holders hear back within one business day.