Want to sell an Arizona Trust Deed but have problems which other note buyers couldn’t resolve?
When buying real estate notes, we look at a number of key 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 borrower 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 trust deed. 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. That depends on type of property is securing the real estate note.
The most desirable real estate note and therefore the most valuable… is one that’s on the borrower’s home. The borrower can suddenly find himself in financial difficulty due to a health problem, divorce or job loss… leaving him with not enough money to pay all his bills. In that case, most borrowers will make sure that they make their house payment…. and not make payments on mortgage notes secured by other types of property.
The next most valuable real estate notes are on investor properties with 1-4 residential units, then commercial mortgages, mortgages on land and business notes.
The value of your property is critical when you want to sell an Arizona trust deed. If the property appraisal comes in with a lower value than what is owed on the loan, we will look to buy a part of the note.
What are the loan terms? If you want to sell an Arizona trust deed which has a balloon payment in one or two years… We would want to know how the payer plans to make the balloon payment when it comes due. If the borrower doesn’t have a solid plan to make the balloon payment, we may modify the loan by extending the current payment amount and removing the balloon.
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 issues when you are trying to sell an Arizona 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 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.