Frequently Asked Questions
1. What is a note?
- A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise.
2. What if I want cash now instead of waiting 30 years to get paid back?
- That's where I come in. I work with investors who are interested in purchasing your note (or your client's note) from you so you can have the money you need. This way, you don't have to worry about late payments or non-payment any longer!
3. Who buys notes?
- Actually, there are thousands of individuals across the country who buy notes. Just like banks buy mortgages, private buyers buy notes as investments. They collect payments over time for a steady stream of income.
4. How much is this going to cost me?
- There is no charge to you, the note holder.
5. How long will it take before I get my money?
- All deals vary, but normal closing time is 2 to 3 weeks once we have lined up a buyer.
If you have any other questions, please feel free to contact us. Either I or my staff will be happy to help you.