|
|
If you wish to sell your commercial
note you may have a few questions. Here are a few common questions and
answers.
Why Should I sell my note
to Commercial Note Buyers?
There are numerous reasons why people sell
their commercial real estate notes; tired of collecting late payments, insurance liabilities,
possibility of foreclosure. Others sell for personal reasons such as
to buy a new home, car or boat, pay off debt, to use for investments,
pay tuitions, pay medical bills or to travel. Many have just grown
tired of collecting the payments.
When I sell my note how will it affect my payor(s)?
The only change will be where and to whom
payments are sent. All terms of the original commercial real estate note remain.
How much will I get for my mortgage note?
Commercial Note Buyers are generally one of the highest payors.
A number of factors help us determine the value of your note. We take
the following into consideration when pricing; Sales Price, Down
Payment Amount, Interest Rate, Credit of the payor, Value and
Condition of the property and Pay History.
How much are my "out-of-pocket expenses"?
Generally you will have none!
Commercial Note Buyers will pay for the title insurance, appraisal and
recording fees. We do not however pay for past due property taxes.
|
|
How will Commercial Note Buyers pay me and where is the closing?
Your funds will be disbursed to you either
by certified check from the closing/escrow agent or, if you choose, they
can be wired directly to your bank account. The closing can be done
via overnight mail or in person at a title agency of your choice
How long does this process take?
In most cases the process is complete in 2-4
weeks. Much of this depends on how quickly Commercial Note Buyers receives copies of
documents we need from you.
How do I find out what my note is worth?
You can call us toll free at
1-800-397-3893 or fill in our
Online Quote Form for Commercial
Notes
What information do I need to provide Commercial Note Buyers with and how quickly will I
receive my quote?
We will need to know: Property type, Sales Price, Amount of Down
Payment, Mortgage Amount, Interest Rate, Property Address and
information regarding the payor. Once you have provided us with the
information we will get back to you promptly with a no obligation quote.
Ready?
Click Here! |
