Free Up Your Hard-Earned Money
All too often, people find themselves with a seller note from a mortgage that they were happy to accept at first. Now, however, they feel like having the money in-hand instead of overtime would be more beneficial. If you are in a similar situation, call Abbey Mortgage & Investments. We can help you free your funds that are tied up in seller notes. Find out how much your seller note is worth today.
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While monthly payments toward your seller note may work fine for some, it definitely isn’t the right option for everybody. If you find yourself with a seller note from a mortgage or deed and value having a large sum of cash now rather than a little bit of cash spread out over a long time, reach out to Abbey Mortgage & Investments today. We will happily buy seller notes so that you can use your hard-earned cash when you need it.
Sell Your Note for Cash
Quite frequently sellers of real estate will sell a property and end up with a note secured by a mortgage or deed of trust for a substantial portion of the sales price. Usually, the seller feels okay about the note for a period of time, but sooner or later discovers that the cash would be much more useful than a modest payment coming in monthly. Additionally, they will likely realize that the borrower ( the person they sold the property to in the first place) is not as reliable as they may have imagined during the sale negotiations.
Cash Is King
No matter the circumstance, cash is king, and if you can turn your note and a long string of payments into cash today, you would be ready to move on with other uses for the money.
With those funds, you may choose to make other investments, purchase another real estate, reduce debt (an investment in itself), fund your business, fund urgent needs like college funds for children or grandchildren, pay medical bills, buy a new car, remodel your home, you name it.
Some note holders find tax advantages in closing out a note in a particular year due to their tax situation — income levels for that year, offsetting losses for the gains locked up in the note, etc.
Lynx will happily consider the purchase of secured notes with any set of payment terms. Simply use an “Apply Online” button and fill out the project information sheet or give us a call. We will want to understand the particular terms of your note, see the evidence of security, payments made to date and any information you have in your file about the creditworthiness of the borrower. We will analyze the payment terms and risks and provide you with a quote to purchase your note. As a private mortgage company that specializes in loan assistance and lending, we are happy to help however we can.
We at Abbey Mortgage & Investments can make our offer usually within a day or so and fund the purchase within a few days or a week.