Notes · Land Contracts · Private Mortgages
If you sold a property and carried the financing yourself, you are the bank — and you are waiting a decade or more to be paid in full. We buy that paper outright, or buy part of it, and you decide which. A quote costs nothing and commits you to nothing.
Call (775) 600-0733Tell us about your note and we will send you a number.
What we buy
Owner financing goes by several names depending on how the sale was papered and which state it happened in. If you are receiving monthly payments from someone who bought real estate from you, it is very likely something we can price.
A note created when you sold a house and let the buyer pay you over time. The most common file we see, and usually the most straightforward to price. More on how we buy real estate notes.
Paper created against commercial buildings, land, or the sale of a business. Pricing leans more heavily on the income and the payer's accounts — see business notes and how to sell them.
Where more than one property secures the debt. These need the whole structure read before anyone can put a number on it. Background on cross collateralization.
All of it, or some of it
We buy the remaining balance and you are done. The payer sends their payments to the new holder, you stop servicing the loan, chasing late payments, and tracking insurance and taxes on a property you no longer own.
We buy an agreed number of payments instead. You take a lump sum now, we collect for that period, and the note reverts to you afterwards with the remaining payments intact. Sellers who want cash for one specific thing — a purchase, a debt, a tax bill — often prefer this, because they keep the income stream on the other side of it.
The reason is rarely "I want less money." It is almost always timing. A note paying $700 a month for another 22 years is a fine asset and a poor way to fund something that has to happen this quarter.
Common reasons include buying another property while a deal is available, settling a tax or medical bill, splitting an asset in a divorce or an estate, or simply being tired of being somebody's mortgage company. If you want the longer version, read the five reasons sellers most often give us.
How it works
A phone call or the form above. What kind of paper it is, the balance, the payment, the rate, and roughly how long it has been paying. No documents needed yet.
The note or contract, the recorded mortgage or deed of trust, and the payment history. This is the part that turns a rough range into a real number, which is why we do not quote before we have it. See what to gather before you sell.
You get a figure in writing, with the structure spelled out — full or partial, what we pay, and what happens to the remaining payments. Nothing is verbal, and nothing is a range.
If you accept, we order and pay for the appraisal and title work and aim to close in under 25 days. Funds go out at closing. Tips on getting the best result: how to receive top dollar for your note.
What moves the number
People are often surprised that a $120,000 balance is not simply worth $120,000 minus a fee. A note is priced as a stream of future payments carrying risk, and the risk is specific to the file. The things that move it most:
A note that has paid on time for three years prices very differently from one written last month. Seasoning is the single biggest factor we see.
How much the property is worth against what is still owed. Thin equity means less cushion if the payer stops paying, and the price reflects that.
Their credit and their circumstances matter, because they are the person the payments actually depend on.
A below-market rate over a long remaining term is worth less today than a market rate over a short one.
Type, condition and location. Raw land and unusual commercial property are priced more cautiously than an occupied house.
A clean chain of assignments and a properly recorded security instrument. Gaps are fixable, but they take time and affect the figure.
If you would like the mechanics from the buyer's side, this explains what note buyers actually do, and this covers getting the highest cash offer.
Straight answers
Free, no obligation, and no commission charged to you.
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