NOte buyer

If you are trying to learn how to sell your promissory note or trust deed, it is important to understand the steps each note buyer will take before sending you the cash for your note.  There are generally 5 steps that are outlined on this page and in the video to the right to help you understand the process of selling your note.  However, we generally can give a valuation quote over the phone if you would rather talk to someone in person:

Discover what's involved in selling your real estate note and how you can prepare to make the process as smooth as possible.
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Step 1: - Find out your note’s value

Your note is a valuable asset that has a cash value today.  

If you are looking to invest in another opportunity, cover unexpected expenses or simply want money now, it could make sense to sell all or part of your note.  The first step is to speak with one of our trained note acquisition specialists to learn exactly how much it’s worth.  They will work up several offers for you and answer any questions you have about the process.


Step 2 - Submit your documentation

Once you decide to sell your note

The next step is to provide us with a copy of the following documents:

  1. Promissory note

  2. Deed of trust or mortgage

  3. Closing statement

  4. 6 months verified pay history

  5. Hazard or title insurance policy

With that information in hand, we will be able to perform our initial due diligence and submit the file to our underwriters.


Step 3 - Underwriting

Review Process

Our underwriters will review the payor, note’s performance, property and paperwork to ensure it meets our risk criteria.  It’s during this time that we order a third-party valuation of the property and an updated preliminary title report. We will match the note with our own fund or with one of our private note buyers.  There may be several questions or pieces of additional information requested from you during this process.

Step 4 - Closing and funding

Final Underwriting

After our note buyer performs their final underwriting, we move to closing and funding.  Our team will coordinate all the details with a third-party escrow company to receive funds from our buyer.  You’ll be sent the final closing docs to complete during this time.  The escrow company will wire you your proceeds once the final assignments are recorded.

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Step 5 - Note management

an easy, straightforward process

If you sold us a partial, we will then setup the contract with a third-party note servicing company to track the partial balance for you and your buyer.  It’s during this time that the payor will receive a letter in the mail informing them that the note has been sold.

It’s an easy, straightforward process and usually takes 30 - 45 days to complete.  If you need cash faster than that, please let our specialist know and we will let you know how it can be expedited.