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Private Money Loans For Real Estate Investment, Commercial & Business Purposes
WE BUY NOTES, CONTRACTS AND OTHER FINANCIAL INTERESTS
If you are receiving payments from a note or contract secured by real estate and want to sell for a lump sum of cash, IGR Mortgage Services will buy your interest. The property securing the debt can be located anywhere nationwide.
What Is Your Note Or Contract Worth?
The value of your note or contract secured by real estate depends on several factors. We assess the risk of default should the payor (property owner) stop making payments. The main things we look at are what price the buyer paid for the property, the buyer’s downpayment, payment record, credit score, property location, type, condition and current market value. Of course the payment structure is important, including interest rate, payment amount and whether or not there is a balloon payment.
Sell a Partial Interest
For holders of notes and contracts who don’t need maximum cash proceeds, selling a partial interest should be considered. For example, if payments are scheduled for another 10 years the seller could sell 5 years of the payments. Then the paper would revert back to the seller and the remaining balance would still be substantial. This has the following benefits:
- Substantially reduces the discount
- The paper will have a significant balance when it reverts
- Seller’s residual interest can be sold if cash is needed in the future