Kevin was so insanely helpful for the entire process of selling the note. He really went above and beyond making sure everything was done and that we had minimal work to do on our end. It was great working with him, and I’d highly recommend him to anyone and everyone.
MC – Note Seller in Lincolnton, North Carolina
Want to Sell a NC Mortgage Note?
If you’re receiving payments on a North Carolina mortgage note or deed of trust, you may be wondering what your note is worth and whether selling some or all of the remaining payments makes sense. North Carolina note buyers evaluate those future payments and the property securing the note to determine what they may be able to offer.
Maybe you need money for another investment, retirement, an unexpected expense, or simply prefer having cash available now. You may want to sell the entire note, sell only part of the remaining payments, or decide that keeping the note makes more sense.
The first step isn’t assuming you should sell. It’s understanding your options and what your note may be worth.
American Funding Group has been purchasing private mortgage notes nationwide since 1989. Over more than three decades, we’ve purchased thousands of mortgage notes, including performing and problem notes, and helped note holders evaluate full and partial sale options based on their individual circumstances.
Our experience includes actual North Carolina transactions. In one recently completed purchase, we worked with note sellers whose performing first deed of trust was created when an inherited manufactured home with land was sold using owner financing. You can read the full Real-Life Mortgage Note Story to see how the transaction was evaluated and ultimately completed.
- Veteran-owned and operated
- Purchasing private mortgage notes nationwide since 1989
- BBB A+ Rated | 5.0★ Google Reviews
- Full and partial mortgage note purchases
- Performing and problem notes considered
- Most completed transactions close within approximately four weeks
Start With a No-Obligation Evaluation
If you’d like to know what your North Carolina mortgage note may be worth, call us at (772) 232-2383 or complete the short form on this page. We’ll review the basic terms of your note, ask a few questions about the property and payment history, and discuss whether a full sale, partial sale, or continuing to hold the note may make sense for your situation.
In most cases, we can provide an initial no-obligation offer within one business day.
Understanding Your Options as a North Carolina Note Holder
If you own a North Carolina mortgage note or deed of trust, selling the entire note isn’t your only option. Depending on your goals, you may decide to keep collecting the payments, sell the entire note for a lump sum, or sell only a portion of the remaining payments.
A full sale can make sense when you want to convert the remaining payment stream into cash now — perhaps for retirement, another investment, an estate or family need, or simply to eliminate the responsibility and uncertainty that can come with holding a note.
A partial sale can be useful when you need a specific amount of cash but still want to retain some of the future income from the note. American Funding Group purchases an agreed-upon portion of the payment stream, while you retain the remaining payments.
There isn’t one answer that is right for every note holder. Before deciding, it helps to understand what your note may be worth, how much cash you actually need, and what you would be giving up in future payments.
What Types of North Carolina Mortgage Notes Do We Buy?
American Funding Group purchases a wide range of privately held real estate notes in North Carolina. We evaluate each note individually based on the terms of the note, payment history, property securing the debt, lien position, documentation and the seller’s goals.
We consider:
- First and second mortgage notes and deeds of trust
- Seller-financed residential mortgage notes
- Performing and problem notes
- Commercial real estate notes
- Land contracts and contracts for deed
- Notes secured by manufactured homes with land
- Full mortgage note purchases
- Partial purchases of the remaining payment stream
- Real Estate notes in other states
Experience With Real North Carolina Mortgage Note Transactions
American Funding Group has been purchasing private mortgage notes nationwide since 1989. Our experience includes North Carolina notes involving seller financing, inherited property, servicing questions, title issues and other circumstances that can require more than simply looking at the remaining balance and payment amount.
In one recent North Carolina transaction, we worked with sellers who held a performing first deed of trust created when an inherited manufactured home with land was sold using owner financing. During the purchase, questions involving the manufactured-home title required additional research, including confirmation from the North Carolina DMV that the title had been retired.
The transaction also involved payment-history verification, third-party servicing, underwriting and closing. The note was ultimately purchased, and the seller later left American Funding Group a five-star Google review describing her experience. Read the full Real-Life Mortgage Note Story.
Here’s How It Works:
Selling a North Carolina mortgage note doesn’t have to be complicated. We’ll explain each step, let you know what information we need and keep you updated as the transaction moves toward closing.
1. Tell Us About Your Note
Call us at (772) 232-2383 or complete the short form on this page. We’ll ask about the note terms, remaining balance, payment history and the property securing the note, along with what you hope to accomplish by selling.
2. Review Your Options and Offer
We’ll evaluate the information and discuss the alternatives that may be available, including a full or partial sale when appropriate. In most cases, we can provide an initial no-obligation offer within one business day.
3. Due Diligence and Closing
If you decide to move forward, we’ll begin the due-diligence process. Depending on the note, this may include reviewing the note and security documents, verifying payment history, confirming property and title information, and completing the underwriting needed for closing.
4. Complete the Sale and Receive Your Funds
Once due diligence is complete, the closing documents are prepared and the transaction is completed through the appropriate closing process. Most completed transactions close within approximately four weeks, although unusual title, documentation or servicing issues can sometimes take longer.
Why Work With American Funding Group?
American Funding Group has been purchasing private mortgage notes since 1989. Kevin Clancy, President of American Funding Group, works directly with note holders to understand their goals, evaluate their notes and explain the options available to them.
After more than three decades in the mortgage note business, we know that transactions don’t always fit neatly into a standard formula. A note may have missing documents, inconsistent payment records, title questions, servicing issues or other complications that need to be understood before a purchase can be completed.
Our approach is straightforward: explain what we see, answer your questions, tell you what we can and cannot do, and keep you informed throughout the process. There are no upfront fees or commissions charged to the note seller, and there is no obligation to accept an offer.
- See our 35+ Five-star Google reviews
- Read About us to understand our relationship with note sellers
What Is Your North Carolina Mortgage Note Worth?
The value of a North Carolina mortgage note depends on more than the remaining balance. Two notes with the same unpaid balance can have very different values depending on the terms of the note, the property securing it and the risk involved in receiving the remaining payments.
When we evaluate a note, we look at factors such as the unpaid balance, interest rate, remaining number of payments, payment history, property value and equity, lien position, borrower strength and the documentation supporting the note.
No single factor determines what a note is worth. A strong payment history and substantial property equity may reduce some of the risk, while documentation problems, a weak payment history or other complications may affect the amount a buyer can offer.
If you’d like to understand these factors before requesting an offer, our Mortgage Note Value Guide explains how mortgage note buyers evaluate a note and also discusses how a partial note sale can work when you don’t want to sell all of your remaining payments.
Want to Know What Your Note May Be Worth?
Tell us a little about your North Carolina mortgage note and what you’re hoping to accomplish. We’ll review the information, answer your questions and explain the options that may be available. There’s no obligation to sell.
📞 Call (772) 232-2383 or Get My Note Quote Now
Frequently Asked Questions
1. Can I sell all or just part of my mortgage note in North Carolina?
Yes. You can sell the entire remaining payment stream for a lump sum, or you may be able to sell only a portion of the payments and retain the rest. A partial sale can be useful when you need a specific amount of cash but don’t want to give up all of your future payments. We can evaluate both options and explain the difference before you decide.
2. What types of notes will you buy in North Carolina?
American Funding Group purchases a variety of privately held real estate notes, including first and second mortgage notes and deeds of trust, seller-financed residential notes, commercial real estate notes, and performing and problem notes. We also consider full and partial purchases and notes secured by different types of real estate, including manufactured homes with land when the collateral and documentation are appropriate.
3. How do you determine how much you’ll pay for my note?
We consider the unpaid balance, interest rate, remaining payments, payment history, property value and equity, lien position, borrower strength, documentation and other factors that may affect the risk of receiving the remaining payments. Two notes with the same balance can have very different values, which is why we evaluate each note individually.
4. Are there any fees or hidden costs for me as the seller?
American Funding Group does not charge the note seller upfront fees or commissions. We also cover the normal due-diligence and closing costs associated with the note purchase. If something unusual arises during the transaction, we’ll explain it before you make a decision.
5. How long does it take from submitting my note to receiving funds in North Carolina?
Most completed transactions close within approximately four weeks. The exact timing depends on factors such as title work, documentation, payment verification, servicing records and other due-diligence requirements. If an issue causes a delay, we’ll let you know what is happening and what is needed to keep the transaction moving.
6. What if the borrower is late on payments or the property has problems?
A late payment history, property issue or documentation problem does not automatically mean your note cannot be sold. We’ll review the payment history, property, lien position, documents and other relevant risks to determine whether we can purchase the note and what options may be available.
7. Can I sell a North Carolina mortgage note secured by a manufactured home?
Possibly. American Funding Group evaluates mortgage notes secured by manufactured homes when the home and land provide suitable real estate collateral. These transactions may require additional review of the title, property records and documentation. In a recent North Carolina transaction, for example, we confirmed through the North Carolina DMV that the manufactured-home title had been retired before the note purchase was completed.
We buy mortgage notes nationwide, not just in North Carolina. See our full coverage here: We Buy Notes in All 50 States. Or compare your options on our Nationwide Note Buyer page