How To Sell My Mortgage Notes Quickly And For Top Dollar

Any given year, millions of people who are carrying private mortgage paper want to know the answer to the question: how do I sell my mortgage notes? Well, here's what you need to know:

In the United States, a countless number of real estate transactions are conducted without the aid of a real estate agent, or even the involvement of a bank. Owner financing often allows the seller to get top dollar for their real estate because they are selling to a segment of the population who can't or doesn't want to get bank financing.

For people who sell their real estate by offering seller financing, therefore, it is often necessary to create a mortgage note.

The buyer of the real estate then will make payments to the seller who is carrying the mortgage note. The seller, in effect, becomes the bank.

Understandably, many note holders eventually want to sell their notes after it has seasoned.

There is a great deal of flexibility when it comes to selling a note, because you can sell it in its entirety or you can choose to sell only a portion of it to raise immediate cash and still continue to receive residual income on the rest.

How To Sell my Mortgage Note

The answer to the question: how do I sell my mortgage notes is simple. You need to find a reputable note buyer who has years of experience and knowledge and can explain to you how much you can get for your note.

The amount you can expect to receive will vary and be determined by your particular note. Some mortgage notes are inherently riskier than others. As such, a note buyer will offer different amounts of money for different notes because the note buyer is the one who then assumes the risk of default.

A competent professional note buyer should be able to help anyone who wants to "sell my mortgage note". They should not charge you for discussing your note with you over the telephone. A phone call will serve as a discovery for the note buyer as he or she finds out details about your note.

You, in the process, will get to learn about how much you might expect to get for your particular note and decide if you want to go through with a sale.

For anyone who wants to sell my mortgage notes it's important to remember that money today is always worth more than money tomorrow due to inflation.

In short, because of default risk and inflation, a note buyer must be able to purchase your note at enough of a discount to justify the declining purchasing power of the dollar over time and the chance the person paying on the mortgage note will default when weighed against the potential profit of the note.

Finding out how much you can "sell my mortgage notes" for is not a tedious, drawn out process. You can find out fairly quickly, so why not start today if you no longer want to carry the note or need cash now.