Want to sell a Washington Trust Deed, maybe with problems?
When buying trust deeds, we try to evaluate the risks and rewards in buying each note. We want to understand how the borrowers handles his financial obligations, the type of property securing the real estate note, the equity position in the real estate, the amount of time the loan has been in place and the terms of the loan.
First, we look at your payer. Is he making his mortgage payments on time? Is he making his payments to his other creditors on time?
if your payer has good 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 part 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.
Which Washington Trust Deeds are the most valuable? That depends on type of property is securing the real estate note.
The most valuable deed of trust is on the payer’s home. Even people with good credit can develop a sudden financial hardship due to loss of a job, a divorce or unexpected health challenge. He may have more bills than he has money, in this situation most borrowers will make sure that they make their mortgage payment on their home… but that isn’t true for trust deed payments secured by other types of property.
The next most valuable real estate notes are on residential investor properties, commercial properties, land and business notes.
Property value is a key factor when you want to sell a Washington trust deed. If the property is worth less than the balance of the real estate note, we may look to buy a portion of the note.
How about the terms of the loan? If you want to sell a Washington trust deed with a balloon payment in a couple of years, we need to understand how the borrower intends to make the balloon payment. If he doesn’t have a plan to make the balloon payment, we may modify the loan by removing the ballon and extending the current payment.
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 issues when you are trying to sell a Washington trust deed, give us an opportunity 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 Washington trust deed now… you may or call us at 772-232-2383… or fill out this form