Want to sell a Colorado Real Estate Note with issues… other note buyers couldn’t resolve?
When buying real estate notes, we look at several factors… how does the payer perform on his financial obligations, the type of property securing the real estate note, the equity position of the borrower, the amount of time the loan has been in place and the terms of the loan.
First, how has your payer handled all his financial obligations. Is he making his mortgage payments on time? We will also look at a credit report to see if he how he is paying his other creditors.
In general, with a borrower with strong credit, the less risk we will have and the more we will pay. If the borrower has weak credit, the riskier it is for us and the less we will pay. If the borrower has really bad credit, we would look at buying a portion of the mortgage note. Then later, when we have some actual experience with the borrower, we will look to buy more of the real estate note.
You may be wondering which mortgage notes are the most valuable. When you sell a Colorado real estate note a key determinant is the type of property securing the real estate note.
The most valuable real estate note… is on the payer’s home… because the borrower can suddenly find himself in financial difficulty due to a health problem, divorce or job loss… leaving him with less money than bills. In that happens, most borrowers will make sure that they make their house payment as they need a place to live. The payer doesn’t have the same motivation to make payments on mortgage notes secured by other types of property.
After mortgages on a single family owner occupied house , the next most valuable real estate notes are on investor properties, then commercial mortgages, mortgages on land and business notes.
The value of your property is critical when you want to sell a Colorado real estate note. If the property is worth less than the balance of the real estate note, we will look to buy a part of the note.
What are the loan terms? What if you want to sell a Colorado real estate note with a balloon payment in a few years? How is your payer going to make the balloon payment when it comes due? If the borrower doesn’t have a plan to make the balloon payment, we may modify the loan removing the balloon and extending the current payment amount.
We solve problems and can buy notes which other note buyers can’t buy… with creative solutions to major issues. If you are running into problems when you are trying to sell a Colorado real estate note, contact us to get you your funds quickly. You will not be disappointed.
Find out what other note holders have said about dealing with us here. Or, you can check out our company philosophy and guarantee to you… by clicking here
If you have any questions or concerns, please call us at 772-232-2383 and we will help you in any way that we can.
If you want to sell a Colorado real estate note now… fill out the form or call us at 772-232-2383.