Private Note Holders

Are you holding a Promissory Note backed by a mortgage against real estate?

Holding the note, of course, entitles you to receive the specified payments until the underlying debt is paid off. But perhaps you want or need a lump sum of cash, and you wish to sell your note. Or maybe you are just tired of the servicing, or the payments aren’t coming in and you just don’t want to deal with all of that.

ProNoteBuyers to the rescue.

Performing First Mortgages / First Trust Deeds

If you have a performing first, backed by sufficient equity, that is a great place to be, but…if you want or need to sell, please give us an opportunity to cash you out.

Junior Liens, Not a Problem

Most note buyers either prefer first mortgages, or will only consider buying firsts. Here at NoteBuyingPros, we buy firsts, but we also love to buy seconds and even third-position mortgages!

Non-performing, Not a Problem

Perhaps your borrower has not been consistently making payments, or is not making payments at all, and that is why you want to sell.  You will find that many note buyers won’t buy a loan that is non-performing.

Fortunately, we know how to work a non-performing loan, and in fact we relish the challenge.

The Process

If you are holding a note you would like to sell, please contact us.

Once we have all of the information we need from you, we will do initial due-diligence on your loan (probably within two or three days) and make you a preliminary offer. If you accept, we will sign an agreement which gives us the right to buy your note at the agreed price within a certain negotiable number of days, usually 14 days.  (If you really must sell faster, let us know and of course we will try to accommodate you.)

That gives us the time to do our thorough due-diligence, to line up the financing, and to close on your note.