How it Works
Here's how to sell a mortgage, deed of trust, or contract for deed in five (5) easy steps.
Step 1: Request a Quote
Just complete a short informational worksheet to receive a free, no-obligation quote. This can be submitted online, or you can call us at (806) 928-1705.Step 2: Provide Document Copies
We will need to see copies of these three documents:- Settlement Statement
- Promissory Note
- Mortgage, Trust Deed, or Contract
Please be sure to have your original Promissory Note as it will be required at closing.
Step 3: Note Buyer Review
We will perform a detailed review of the transaction, known as due diligence. This includes a review of the buyer's credit, current tax and insurance status, property evaluation and title history. If the evaluation comes in low, we may present a revised offer for consideration. Any balance owed on a prior mortgage can be paid from the proceeds.Step 4: Accept Offer & Agreement
When a fair market value is assessed, we will make an offer outlined in a simple buyer/seller agreement that will contain all the conditions of the offer.Step 5: Closing
When all steps are complete, we will send the final closing documents for your review and signature. A title company is often used to handle the exchange of money for the original note and transfer documents. Funds are typically paid in the form of a wire transfer or cashier's check.Frequently Asked Questions
Why should I sell my Note?
- Access the cash now for home repairs, tuition fees, emergencies, or even a new car.- Eliminate the hassles of collecting payments and complying with the ever-changing insurance and tax laws on the property.
How much will I receive for my Mortgage, Deed of Trust, or Contract for Deed?
There are 4 main factors that determine what you will receive for your Note:- Equity in the property
- Seasoning or age of the note
- Interest rate on the note
- Credit score of the borrower
