Q. What kind of notes do
you buy?
Our primary business is single or portfolios of notes on real estate backed by
residential and most commercial properties. We can purchase single notes up to
$10,000,000.00.
We also buy many other types of cash flows
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click here -
Q. Why would I want to cash in my Receivable?
There are many reasons to cash in your receivable, but the most common reason
is to simple replace the regular payments they are receiving with a "lump sum"
of cash. Whether you need cash to pay for a child's college tuition, or to
take the family on a Caribbean Cruise, selling your receivable may help you
accomplish your goal.
Another great reason to sell your note is to eliminate the hassles and
concerns associated with collecting the monthly payments, worrying about whether
the insurance and taxes are paid etc.
Q. Why is there a discount?
The current market for notes may call for a yield in excess of the
face rate of the note.
We analyze each monthly payment you receive and calculate its value
into the future. $100.00 today is worth more than $100.00 due to be received
in five years.
Looking back 15 to 20 years ago, we could go to the movies for what?
about $.50, right! And gasoline was about $.65 a gallon? Now look at
what we pay. This is what we mean when we say dollars today are worth
more than dollars in the future. So the "time value of money"
must be factored into the price.
Q. How much will the
discount be?
Each receivable will have a different value depending on many
factors.
The amount of cash you will receive depends primarily on the
following factors:
The best way to find a receivable's current market value is to fill
out our submission form to receive a free quote!
Click
Here
Q. How long does the process take once I decide to go
forward?
Usually one to two weeks after we receive all the necessary
documents and information. Your help in expediting this process
will speed up the process. We try to make the process as easy and convenient as
possible.
Q. Do I need to pay closing costs?
We pay normal closing costs on all real estate related transactions (appraisal, title insurance, and
recording fee) on residential properties. On larger commercial
properties, we may ask the seller to pay some, or all closing
costs.
Q. Can I receive some cash now and still hold part of the note?
Yes! There are many ways to buy notes. To view some of
the methods of purchase, please
CLICK HERE.
Q. How does this affect the
payer of the note?
The sale of your note, either a full or partial buy-out,
will have no affect on the payers of the note. The terms (payment, balance, interest rate, term, etc.) do not
change. The borrower will be given a new address to send his/her
payments.
Q. After I get my quote, then what?
When you are ready to get your cash, we will need copies (not originals) of the "Relevant Data" to
complete the sale.
