Need to sell a Tennessee real estate note? Have problems that other note buyers couldn’t solve?
First let’s review how we determine what a mortgage note is worth. We evaluate… how the borrower handles 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.
Is your borrower making his mortgage payments on time? Is he paying his other creditors?
If your payer has strong credit, the less risk we will have and the more we will pay. If the your borrower has shaky credit, the more risk for us and the less we will pay. And, if we are dealing with poor credit, we would look at buying a portion of the real estate note. Then later, when we have some actual experience with the borrower, we will look to buy more of the real estate note.
When you are looking to sell a Tennessee real estate note its important to understand which real estate notes are the most valuable… its depends on the type of property securing the mortgage note.
The most valuable real estate note is on the payer’s home. Even borrowers with great credit can come down with health problems, enter into a divorce or lose his job causing a financial hardship. If the payer doesn’t have enough money to pay all bills, he’ll have to decide which bills to pay. And generally his mortgage payment will be the last to go as he needs a place to live
The next most valuable real estate notes are on investor residential properties, commercial mortgages, mortgages on land and business notes.
Property value is key when you want to sell a Tennessee real estate note. If the mortgage balance is greater then the value of the property, we may buy a part of your note.
What are the terms of the real estate note? The terms play a major role in determining value when you want to sell a Tennessee real estate note.
In general, the higher the interest rate, the larger the payment and the more we will pay for that mortgage note.
What if you need to sell a Tennessee real estate note with a balloon payment in a few years? We want to know how will your payer make that balloon payment. If he doesn’t have a plan to make the balloon payment, we may modify the loan and remove the balloon by extending the current payment.
In summary, we are problem solvers. We buy many notes which other note buyers can’t buy… by developing creative solutions to overcoming problems. If you are running into problems when you are trying to sell a Tennessee real estate note, give us a call. 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 Tennessee real estate note now… you may fill out the form on the top right hand side of this page or call us at 772-232-2383.
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