We do not buy unsecured notes.

All costs and fees associated with the sale of a note are paid for by the note seller and will come out of the proceeds due the seller, but no fees will be collected upfront/out of pocket.

The average mortgage note and business note will sell between sixty-five cents ($0.65) on the dollar to eighty-five cents ($0.85) on the dollar. Above average mortgage notes (considered to be A+ paper) will sell between eighty-six cents ($0.86) on the dollar to ninety-five cents ($0.95) on the dollar. All offers are a percentage of the current remaining, unpaid principal balance of the loan the time it is contracted or sold.

Pricing is determined via 3 main foundational characteristics. They are:

Loan terms (rate, pay-back period, balloon payments, clean records, etc.)
The borrower’s ability to pay said loan to the note holder
The collateral securing the loan (property, business, etc.)

The note buyer will need to perform diligence while processing the purchase of a note. The diligence process will include, but not be limited to: a drive-by property appraisal, review of the payment history, ordering and review of a title report pertaining to the property securing the note.

The average residential mortgage note purchase will take between 15–23 business days. The average commercial note purchase will take between 20–27 business days. All time frames mentioned above are assuming nothing unusual surfaces during the process.

No. All terms and conditions set forth in the original note remain the same. The borrower(s) simply send their payments to the new Lender/Servicing Company.