Questions Note Holders Ask About Selling A Note

These are some of the questions note holders often ask us.  If you have other questions, please ask them through our contact page (or give us a call).

Q: Why should I  sell my note? 

A: The best reason to sell your note is to do whatever it is you want or need to do with the cash from selling your note.  I know this sounds a bit silly, but the reasons people sell notes vary from person to person.  Some need the cash to cover expenses, others are looking to cash out and reinvest in something different and some just want to use the money for a vacation or other splurge.  Some folks sell a note so they can free themselves of the hassles of managing it.  Owning a note can be a great investment, but it does come with responsibilities to your borrower to collect payments, properly account for those payments and provide tax documentation so they can get their mortgage interest tax deduction.

Q: Why should I sell my note to Positive Note Solutions?

A: Great question! In addition to the fact that we offer some of the highest prices and can close fast, is that after we buy your note payments…

  • You won’t have to worry about admin tasks like IRS income tax reporting requirements, IRS tax liens against the payor, collecting payments, etc.
  • You won’t have to worry about borrower issues like bankruptcy, divorce or death, defaulting on your note. (this all becomes our responsibility)
  • You won’t have to worry about destruction and devaluation of the property / asset.
  • You won’t have to worry about your note being assumed by another borrower who turns out to be a deadbeat.

Q: How do you come up with the price to offer me for my note?

A: Ultimately when we look at a note to buy we look at a few factors:

1) The note: Payment amount, interest rate, # of remaining payments, down payment.

2) The asset: the property backing the note. If it’s a quality asset, the note will be worth more.

3) The borrower: The seasoning on the note, credit score, etc.

With all of that we’ll figure out the value of the note and present an offer that’s a discount on that value.

Once we know the situation well, we’ll make you an offer. This offer is based on the value of the note, the risk on us receiving the payments from the borrower, and the quality of the security backing the note (real estate, etc.). You can expect to receive an offer that is a discount on the full remaining payment value based on the factors above.

Q: Why do you buy notes at a discount?

A: When we buy a note, we’re taking all the risk associated with it.  A loss of a job could cause the borrower to stop paying and put us into a situation where we must work to get them paying or take the property back.  Should we end up with the property back, we have to potentially fix it and get it sold again.  Additionally, the payments far into the future aren’t guaranteed and they aren’t worth as much as the money we’re giving you today.

Q: Are there any fees or commissions to work with you?

A: There are NO fees or commissions to work with us. We’re [ note buyers and we buy and sell notes with cash. We can’t buy everything that is offered to us, so sometimes we will broker notes that don’t meet our requirements.   Either way you won’t pay any costs at all during the whole process. We pay all costs associated with the transaction. You just get access to the cash trapped in your note.

Q: Is there any obligation when I submit my info?

A: No obligation at all. Once you tell us a bit about your note, we’ll take a look at things, maybe set up a call with you to find out a bit more about the borrower or to confirm some details, and make you a fair cash offer.  When we say that, we mean fair for you and fair for us.

It’s your decision whether or not to sell your note to us. Once you get our offer we encourage you to research it, shop it around if you want to, and ask us any questions you want. No pressures. No hassles.  We’re the nicest folks in the note business and we’ll treat you well throughout the process.

Q: Where do you buy notes?

A: We buy notes throughout the United States.  One of the things we love about buying notes is that they are a bit easier to manage than houses.  That allows us to buy all over the country without needing contractors and property managers in every city we find a note.


How Much Cash Can You Get For Your Note?

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