How To Sell My Promissory Note?

Posted by highlandsmanagementservices on April 10th, 2018

Owner carry-back mortgagees, popularly known as private mortgage notes, are mortgage-backed promissory notes which result from the sale of the single-family home, multi-family residence, condominium, other residential or commercial buildings. Considered a great investment tool for the seller, these notes are designed to provide the much-needed financial relief to a certain extent to the new buyer at the time of purchase.

You might opt for first position notes for the full amount of the mortgage on the sale, or even go for a second position note for a portion of the mortgage after the traditional first mortgage lender. So now that you need urgent cash for senior life settlement or for any unforeseen legal or medical expenses, professional contract buyers help you with many flexible options to liquidate your note balance, such as -

•    Complete liquidation of the private mortgage note balance
•    Fractional / Percentage purchase of the note balance
•    Acquisition of a sequence of monthly payments
•    Future Balloon Payment purchase

Options for Your Seller Carry-Back Business Notes:

Sometimes business partners buying out another can result in seller carry-back business notes, which are nothing but promissory notes held by the seller of a business and payable by another owner. These are usually secured with personal assets and personal guarantee provided by the owner. However, from time to time, as a business owner, you might want to use this capital held up in promissory notes for investing in a couple of new ventures, for example –

New business venture
Financial or estate planning
Stocks and Bonds speculations
Real estate purchases
Private expenses such as higher education/re-education funding, exotic vacations or unpredictable medical expenses

So if you are wondering how to sell my business note to meet such new expenses, look no further than professional contract buyers to help you clinch the deal.

Advantages of A Note Buyer:

Commercial banks might exhibit reluctance and involve too much of processing documentation and time to finance sales of small businesses. However, professional contract buyers help you with such financial crisis with attractive purchase rates for your business notes.

They also act as a catalyst for your real estate sales through resale of the private owner-financed mortgage notes, along with lump sum cash for your structured settlement or annuity as well as lottery and gaming awards with a partial or whole buyout.

Highlands Management Services is one such proficient organization who provides you with expert guidance on quotations and actual purchase when you decide to sell a mortgage note. Be it your private real estate mortgage note, owner financed or seller carry-back business notes, annuity, lottery awards, non performing loans, inheritance advance, personal asset loans or even pre-lawsuit advance; you name it, and they have it all covered.  So live life now to the fullest and invest in your dream venture with liquid cash for all your expenses.