Cash To You

If you are interested in selling your real estate note for a cash payout, you've come to the right place. Lauren Hall has many years experience buying mortgages and can get you the cash payout you need quickly.

Thursday, February 23, 2017

Why Do People Sell Real Estate Notes?

Why do people sell real estate notes? Obviously, one reason is to raise cash quickly.  A second reason is that sometimes people just get tired of managing the servicing of the real estate note over the long term, including things like verifying that the real estate taxes are paid on time and that the insurance is still in place.   Not to mention chasing the buyer down if they are late with their monthly payments to you. 

You probably already know that Real estate notes are the loan documents created when you financed the sale of your house or investment property. They could be Mortgage notes, Trust Deeds or some type of Land Contract.

The important point is that under any of these instruments, the buyer is making payments to you, and you want to generate a lump sum payment instead of smaller amounts over a long term.

The options for you to sell your note are many.  It's possible to sell the entire contract, or just a specific number of payments. In either case, the buyer will continue to have the same terms of repayment. He'll just start making those payments to me or someone else I designate.

In fact, one of the most recent note purchases I handled was a partial purchase for a family who had a loved one needing an organ transplant.  Their insurance company had a large deductible requirement and the hospital wanted them to put down the $30,000.00 co-pay before they would schedule the transplant.  Having this transaction completed quickly became a priority for me. 

In this case, I was able to get the sale accomplished within 7 days.  The funds were wired and the seller's relative got the needed organ transplant.  Similarly, I have done other transactions with heirs after the original note holders have passed away and selling the note was important to clearing up the estate.

Selling your real estate note can be an intimidating process. I am here to ease you though the process.  And because my company is generally the end investor, there is not a daisy chain of other people I have to go to for answers to your questions. We are very sensitive to the needs of our sellers and strive to meet their cash out needs with a minimum of discount on the note.

Please don't hesitate to call our offices at any time to discuss how we might help you fulfill your immediate financial needs through the purchase of a real estate note.  Any information you provide will be kept confidential and all our advice and preliminary pricing options are fee of charge. 

Rich and I have been purchasing real estate notes for over twenty years and would love to work with you!

Hope to talk to you very soon---

Lauren Hall