Q. What kind of notes do you buy?
A. Our primary business is buying notes backed by real estate.  That real estate can be residential or commercial, and the notes can be for single properties or portfolios of properties.

Q. Why would I want to cash in my Receivable?
A. There are many reasons to cash in your receivable, but the most common reason is to simple replace the regular payments they are receiving with a “lump sum” of cash. Whether you need cash to pay for a child’s college tuition, or to take the family on a Caribbean Cruise, selling your receivable may help you accomplish your goal. Another great reason to sell your note is to eliminate the hassles and concerns associated with collecting the monthly payments, worrying about whether the insurance and taxes are paid etc.

Q. How long does the process take once I decide to go forward?
A. Usually one to two weeks after we receive all the necessary documents and information. Your help in expediting this process will speed up the process. We try to make the process as easy and convenient as possible.

Q. Do I need to pay closing costs?
A. We pay normal closing costs on all real estate related transactions (appraisal, title insurance, and recording fee) on residential properties. On larger commercial properties, we may ask the seller to pay some, or all closing costs.

Q. Can I receive some cash now and still hold part of the note?
A. Yes! There are many ways to buy notes.

Q. How does this affect the payer of the note?
A. The sale of your note, either a full or partial buy-out, will have no affect on the payers of the note. The terms (payment, balance, interest rate, term, etc.) do not change. The borrower will be given a new address to send his/her payments.

Q. After I get my quote, then what?
A. When you are ready to get your cash, we will need copies (not originals) of the “Relevant Data” to complete the sale. Original note, mortgage, deed of trust, or recorded land contract; Abstract or Title Policy; Copy of Fire Insurance Policy; Social Security Numbers of Payors and/or Corporation I.D. Number; Property Description; Payment Record; Closing statement on transaction creating this note; and Photo of Property. We will handle all of the details!