Note
Buyer of residential real estate notes as well as
Non Performing Commercial Note Buyers and
Commercial Mortgage Buyers (See Important
Announcement Below) for all 50 states (except Michigan).
Great
Pricing - Call and Get Quotes From Other Note
Buyers and Then Call Us. For Mortgage Notes That
Fit Our Portfolio, We Nearly Always Offer A Much Higher Price
-1-877-655-5625,
Ask For Ron Stone
US Note
Buyer is a website of U.S. Funding Solutions, Inc.
We specialize in purchasing Owner Financed Mortgages Notes.
We are also commercial mortgage buyers and non performing
commercial note buyers (Pools or individual non performing
commercial notes with an unpaid balance of $10 Million and
up)Brokers and
Commercial Loan Sale Advisers welcome. We also
are non performing residential note pool buyers of
$5 Million and up so if you want to buy non performing
bank notes on residential properties, click on buy
non performing bank notes. (Closings
in as little as 10 Days once all paperwork is in.)
Following is
a partial list (Call if you have a private note that is not
on this partial list) - Non-Seasoned mortgage notes (some
states), business notes without real estate, commercial notes,
Partial Note Purchases - Don't hesitate to call if you have
any questions. We pride ourselves on answering all your mortgage
note selling questions no matter how small.
“Ron’s
quote was quite a bit higher than other note buyers quotes
I received. Also, he took the time to fully understand my
particular situation and go over the process of selling a
mortgage note. He also did exactly what he said he would,
despite numerous complications that were not his fault that
came up. He earned my trust, which is not an easy thing to
do. I would highly recommend him and his company.”
Jim S., Bloomingdale, GA More
Testimonials
Did you know that you can sell a portion
of a note as opposed to selling the entire mortgage to a mortgage
note buyer? Inquire about our partial purchase program
for great value due to the lower risk to an investor.
So why choose U.S. Funding Solutions to sell
a note to? We are a national purchaser of private owner
financed notes. At US Note Buyer, we pride ourselves
on paying the highest price in the industry. Also, we conduct
ourselves in a professional manner and have the ability to
fund your note sale quickly. Bottom line is we do what we
say we will do. We also return ALL calls promptly, usually
within 1 hour during business hours and within 2 hours on
the weekend.
Great
Pricing - Call and Get Quotes From Other
Note Buyers and Then Call Us. For Mortgage Notes
That Fit Our Portfolio, We Nearly Always Offer A Much Higher
Price
Despite
what the Government tells us, the blue line on the chart below
shows why now is a good time to sell a note. At a real inflation
rate of almost 10%, what will your payments really be worth
in 15, 20 or 30 years?
1. What determines
how much I will receive when Isell my private
mortgage or Deed of Trust? There are 5 main factors that private
note buyers considers when note purchasing.
They are: Equity in the property, the seasoning on the note,
the amortization period, the interest rate on the note and
lastly the credit of the borrower.
2. Is an appraisal
necessary when selling a note? Sometimes. It depends on the
equity and dollar amount of the residential or commercial
note and possibly credit of the borrowers.
3. Do you need
to check the credit of the payor to sell a real estate note?
Yes, it is an important factor in determining what a private
mortgage is worth.
4. Can I sell
a mobile home mortgage? Yes, if they include the land and
the mobile home is permanently attached as part of real property.
5. Are you note
buyers for notes on raw land? We are no longer purchasing
raw land notes or lot mortgages.
6. Are you a
commercial mortgage buyer? Yes, for occupied commercial
properties if there are no environmental issues, we are commercial
note buyers.
7. Can I still
get a quote for selling a note if I don't know the credit
of the payor? We will provide you with a quote based on your
best guess and adjust (up or down) the price after credit
is pulled.
8. Can I sell
a Land Contract to you? Yes, land contracts are very
similar to mortgage notes. If you have an underlying mortgage,
it will have to be paid off.
9. Are you a
real estate note buyer in Texas? Yes, we are promissory
note buyersin Texas and other states
except Michigan.
10. I need to
sell a California mortgage note. Are you still buying
notes in California? Yes, we are California note buyers.
We just need to be sure there is still equity in the property.
11. What does
a Mortgage Note Buyer need to give me a quote? The
date of the sale of the property. The sales price, down payment
and original note amount. Also, when the first payment was
made, the terms of the note and the current balance (we can
calculate this if you don't have it).
12. Can I sell
a mobile home note without land? Yes, we are now
buyers of mobile home notes where there is no land,
although the discount is higher for mobile home notes without
land associated with the mobile home.
13. Are you upside
down note buyers? Yes, we are an upside down
note buyer. We will consider upside down notes of
$160,000 and above.
14. Are you non
performing commercial note buyers? Yes, we have teamed
up with some very strong non performing commercail note buyers
aka investors. We are also non performing residential
note pool buyers.
So
Just What Information Will Note Buyers Require
for a Quote?
Most
note buyers will ask for the following information:
1.
The sales price of the owner financed property
2.
The down payment amount
3.
The original note amount
4.
The interest rate and amortization period
5.
Is there a baloon payment and if so what is the balloon date?
6.
The balloon amount
7.
The date of the first payment
8.
Current balance, although we can usually calculate it
9.
Estimated credit for your buyer
10.
Is the property owner occupied?
11.
The type property, i.e. Single Family Residence, mobile home,
commercial property (and type), etc.
12.
The address of the property and any special information on
the property
13.
An estimated value for the property so
note buyers can determine the estimated equity in the property
Most
Note Buyers require a) A copy of the note, b) a copy of the
Deed of Trust or Mortgage depending on what state the property
is in, c) Proof of payments (not just your hand written receipt),
d) the settlement statement, e) copy of the title work if
available and f) Social Security number and address if different
from the property to pull credit. Note: These documents are
not required for a quote.
Selling A Partial Note
Selling
a partial note
is a great way to get a lump sum of cash for a note while
retaining years of payments or the note's balloon. A partial
note sale is simply the best way to cash out a
note while taking the least amount of discount on your
future note payments. You might even want to treat your owner
financed note like a piggy bank and sell a part of
a note several times. If you sell a partial
note, or better described as sell some note payments
on a note to a note buyer, at the end of the payments purchased,
if all goes well note buyers would generally want to purchase
the balance of note payments and most likely price the note
with a lower discount as they've experienced dealing first
hand with the borrower.
