How to Sell My Mortgage Note

First you have to determine what your note is worth. The note is based on several factors:

*marketable note terms

*LTV, down payment, interest rate, balloons

*selling price vs. appraised value

*type of property

*location of property

*buyer's credit score

*buyer's employment history

*buyer's rent history

*seasoning of note (payment history on this note)

The easiest way to get the note value is to get a quote from a note investor. A word of caution: If you are only asked a few questions and not complete information, how can you be getting a legitimate value quote? They may be undervaluing your note and thus offering less than you should be getting.

We take all things into consideration. This is why it is important to completely fill out the submission form. We work for you! Our mission is to offer you the most for your note.

When you use seller financing as a way to move real estate to another owner you can sell the mortgage before you sell the property.

Click here to submit note for a quote now

Steps to Take

-Make the contract for sale contingent upon you getting a commitment from the secondary mortgage investors to buy that note for no less than $X, upon which the property changes hands.

Click here to work with The Advisory on developing a marketable note.

Notice!

Choices Unlimited

1. Simultaneous Closing- sell a note instantly (2-10 days after closing on the property.)

2. After Seasoning- Establishing a payment history on the note will increase the value. Six to twelve months seasoning is typical.

3. Full Sale- sell the entire note.

4. Split Funding- one half of each monthly payment.

5. Partial Sale- front end payments or back end payments.

6. Balloon Sale