Frequently Asked Questions

1. What is a note?

A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise.

2. What if I want cash now instead of waiting 30 years to get paid back?

That's where we come in! We may be interested in purchasing your note (or your client's note) from you so you can have the money you need. Additionally, you will not have to worry about late payments or non-payment any longer!

3. Who invests in notes?

Actually, there are thousands of individuals across the country who invest in notes. However, they are small time compared to the banks and pension fund managers -- they are the biggest investors in promissory notes because they are considered to be fairly safe investments. The problem is finding those direct investors. That is why you will get top dollar for your note when you deal with us. We either purchase your note directly as the direct investor-- or we work directly with one of our affiliate principal investors.

4. How much is this going to cost me?

There is no charge to receive a quote for your note (or your client's note). Just click on the Free Quote Form and fill in the requested information. We'll have a quote for you usually within 24 hours. During the closing process, there may be no additional cost to you. Other than providing the normal title policy and a current appraisal, most other fees are paid by us. Additionally, you can usually have those fees deducted at closing from the money we wire to the closing table.

5. How long will it take before I get my money?

Normal closing time is 7-10 business days after receiving all of the necessary documents.

6. Can I "create a note" on a property that I already own and then have you purchase it?

No. This type of transaction is really a re-finance. We are not lenders and therefore do not originate loans. We only purchase seller financed notes, in which case there is a seller of a property and a separate buyer.

7. Is selling my mortgage note / income stream legal?

Absolutely. Corporations and individuals have been buying and selling mortgages for decades.

8. What happens if the mortgage payer defaults or makes late payments?

Since this is not a loan to you, the funding source assumes all risk for the entire note--or for the portion that you sell.

9. Will this work with brand new notes--or notes not yet created?

Yes. This is known as the Simultaneous Closing and is one of the quickest ways to sell a property and get cash at closing. Be sure to contact us to help you structure this type of transaction--it's our specialty!

If you have further questions, feel free to call us (410) 758-0098 or contact us via email. We look forward to helping you with your funding options.