If you are interested in selling your mortgage note, for whatever reason, there are a variety of ways that we can help you to obtain the cash for that note quickly. Below are the types of mortgage notes that we can typically purchase from you.
Residential Notes 
- Houses
- Townhouses
- Condominiums
- 1-4 Family Units
Commercial Notes
- Office
- Retail
- Apartment (more than 1-4 family units)
- Industrial
Vacant Land Notes
- Developed Land
- Undeveloped Land
- Land not designated as a specific use property such as farm land or waste storage.
Today, creating mortgage notes with owner financing has become an established and accepted practice in real estate. And because of the private mortgage note industry, owner financing is an ever more attractive option.
Sell all or only a portion of your privately held mortgage note. You may even sell future payments today while still receiving current payments.
Why Sell Your Note
There are a variety of good reasons to sell your note, including never again having to worry about:
- collecting of payments, and keeping track of principal and interest breakdown
default and foreclosure
Federal income tax reporting requirements
fire insurance
destruction or abandonment of the property
bankruptcy of the payer
divorce or death of the payer
How Much Will I Receive For My Note?
The value of your note is determined by several factors, with the most important being:
- the amount of equity in the property, including down payment and seasoning, as a percent of the sales price -- the more money that the buyer has paid in, the higher the quote that we can give
- credit rating of the buyer
- type of property -- due to the risk inherent in different note types, notes on single-family houses can usually be quoted higher than notes on commercial buildings, mobile homes, or vacant land
- the time period of the note, as payments received further out in the future are worth less than payments received sooner
- interest rate on the note
- location of the property
In addition, a note holder having a 1st lien is likely to receive significantly more than the holder of a 2nd lien. This is due to there being much higher risk to the holder of a 2nd lien.
The Process
Although each situation is different based on your specific needs, here are the typical steps involved in selling your mortgage note:
1) Contact us and provide essential information about the mortgage note and the property (type of property, sale price, payment amounts, etc.).
2) We respond within one business day with one or more quotes (depending on whether you desire to sell the full note or only part of it).
3) If you approve the quote, we do a little more paperwork (don't worry, its a small amount -- nothing like buying or selling a house) . If there is no recent appraisal or title policy, we arrange for those. You pay no closing costs, fees, or commissions.
4) From the time that you provide the documents, it generally takes 2-3 weeks for you to get your money. You can choose to receive the cash via check or wire. That's it!
Seascape Capital
