Want to sell a mortgage note in Florida? Then make sure you understand the mortgage note’s current value and its future value.
If you want to sell a mortgage note in FL, you need to find out its current value or market value (that is: the value it will can be sold for “in the market”).
The process is easy… Just reach out to a few professional note buyers that deal regularly with private mortgages, and real estate notes like American Funding Group.
Speak with a few mortgage note buyers about what the current and future value of your mortgage note. And, gain an understanding of what factors could affect its value – such as whether the interest rate is likely to go up, go down, or stay the same.
Calculating the value of your note
When you contact a local FL note buyer, there are a number of factors that will be considered.
One of the first things they’ll consider is the type of debt it is.
For example, unsecured debt can include things such as credit cards, student loans, medical bills, rent expenses, and any other unsecured type of debt that isn’t backed by assets like real estate or other property.
But if you want to sell a FL mortgage note, there are real estate assets which “secure” the note, with less risk for the note holder than with an unsecured note.
Selling a private mortgage note in FL
Before you sell your real estate note to anyone, make sure that you speak to a number of different FL note buyers. Not all note buyers or investors will price a mortgage note in the same way. Some will pay you a higher percentage of unpaid balance for your mortgage note in FL than others.
If you have more than one Florida mortgage note to sell, you may even be able to put multiple real estate notes together to get the best possible deal. See if the company you are dealing with will pay you a higher rate for a a pool of mortgage notes.
Pay close attention to the terms given to you by the buyer of your mortgage note. Before you sign on the dotted line, make sure you understand all of your obligations and exactly what you get in return for selling your mortgage note. Here at American Funding Group we have a policy of full transparency and are glad to walk you through every aspect of the process, or method of deciding the current value of the note, and to answer any questions you have.
If you’d like to get a free offer on your note, contact American Funding Group today at (772) 232-2383.