By: Julia Aidan
Submitted: 2011-03-26 11:19:46 | Word Count: 372
If your receiving monthly payments on a private mortgage note and now wish to sell that note we can help you. We specialize in purchasing notes from people just like yourself.
We buy first position notes of all kinds and give you the best possible price for your note. We understand that you may now wish to have a lump sum of money for various reasons. Family illnesses, medical bills, loans, and sometimes the need to make other investments may have you reconsidering taking monthly payments over several years.
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Even if your payor has missed payments or is late on payments we may still be able to purchase your note. We make full purchase offers and sometimes even partial buyout offers. Some note holders are not familiar with this flexible option in selling their note. It's really quite simple.
On a partial buyout we buy a certain number of monthly payments and then return the note to you after that contract has expired. It could be 10 years or 15 years depending on our evaluation of your note. If this option is a better fit for you be sure to mention it when we are evaluating your private mortgage note.
We ask that you have a copy of the promissory note, payor's payment history, and credit report if possible to speed up the process. Please have this information available to fax or email to us for quick service. Having a copy of the promissory note gives us the exact information we need to make the best offer on your private mortgage note.
We do not purchase 2nd position mortgage notes. Please contact us to sell your 1st position note and we will get an offer to you as quickly as possible. We are in the cash flow business and may also make an offer on your car or land note as well. As long as your the person receiving the monthly payments from a contract with proper title company records we are ready to evaluate your note and make an offer.
Contact us today at Mosley Note Service to sell your private mortgage note.
