Sell Promissory Notes

Are you financing a mortgage note for someone? Would you rather have a lump sum now than receiving small payments for the next 15, 20 or 30 years?

We Buy Mortgage Notes!

There are many reasons why people who owner finance property may need all of their cash now. Whatever your situation may be we can help. We will buy your note with cash!

What is a Mortgage or Promissory Note?

A mortgage or promissory note is a lien instrument that generally involves two parties:
Mortgagor -- person giving the mortgage, or borrower
Mortgagee -- person to whom the mortgage is given, or lender
The mortgage, in short, is a document which gives the note holder (mortgagee) a claim upon the property covered by the mortgage. Mortgages must be recorded (filed for public record in a place that is designated by state law where real estate is located), to be effective. This is generally the County Clerk, or Country Recorder of the county where the property is located. When such documents are filed, they are logged into permanent records of the recorder's office and become public record.

The mortgage document describes the real estate which is being pledged as collateral for the mortgage note, or promissory note. The mortgage describes all the conditions under which the mortgage is given and also describes the rights and obligations of the two parties.

As lender or mortgage holder, you actually own a tangible asset which can be sold. The sale of a mortgage note is not much different than the sale of an automobile. The seller gets cash, signs the appropriate transfer documents to the buyer and hands over the original documents, the note and the mortgage. The new owner has the mortgage in hand and will enjoy all the benefits of ownership in this case, including the monthly payments and earned interest. Once the mortgage note is sold, the payments go directly to the new buyer.

Mortgage Note questions:

Name of lender?
Name of borrower?
Address of property?
Total length of mortgage?
Start date of mortgage?
Amount of mortgage?
Annual Percentage Rate?
1st or 2nd position lien?

Please fill out our form or contact us and tell us about your property or note for sale.

Perhaps you regularly come across investment properties in your line of work or maybe you want to become a real estate investor? WE PAY CASH FOR REFERRALS!

We would love to build an ongoing relationship with you! If you know of an investment opportunity, contact us ASAP.

(800) 606-2113
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(800) 606-2113

1st Home Solutions LLC
P.O. Box 820331
N.R.H., TX 76182

Buy Notes

Are you interested in investing on promissory notes? We are constantly in the market to buy and sell notes. Contact us for a free, no obligation quote.

Sell Notes

Are you financing a note for someone? Would you rather have a lump sum now than receiving small payments for the next 15, 20 or 30 years? Contact us for a free, no obligation, cash offer on your note.