FAQ
Here are some commonly asked questions:
A: That's like asking a mortgage broker: "What is your interest rate?" It's an impossible question to answer before asking the necessary questions about your promissory note. If you requested a good size down payment, the payer has good credit, and every thing is in order and your note is secured by a property in good condition, in a good market, then you could expect to receive a lot of money, but if you gave out a gift of an interest rate, didn't record the payments, and structured the note to be spread out over 30 agonizing years, then you may end up taking a large discount for the full sale and may be interested in just using our line of credit program.
A: That's where I come in. I am an investor and I work with investors who are interested in purchasing your note from you so you can have the money you need. This way, you don't have to worry about late payments or non-payment any longer!
A: Actually, there are thousands of individuals across the country who buy notes. Just like banks buy mortgages, private buyers buy notes as investments. They collect payments over time for a steady stream of income.
A: There is no charge to you, the note holder..
A: All deals vary, but normal closing time is as little as 12 business days and as long as 3 weeks once we receive the necessary documents.
A: There may or may not be a discount depending on the terms of your note. If there is a discount, theres no telling how much until we see the terms. The stronger the terms, the less of a discount there will be.
