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Cash for Seller Held Real Estate Notes

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Frequently Asked Questions                  Online Request For Quote


notepic

Immediate Cash
For Future Payments
on Seller Held
Real Estate Notes

  Often Senior Citizens sell a home in which they have a lot of equity and end up financing the home themselves by taking back a note from the buyer. This note usually then ends up in Probate as one of the estate's assets and nine times out of ten the heirs would prefer to have cash rather than the future monthly payments on the note.

Story Financial Group can provide a quote on the value of those future payments, often within 24 hours of receiving some summary information which can be provided over the phone or online. We also pay all costs of closing.

Almost any type of real estate note can be purchased from any state within the United States. It has never been easier to sell all or just a portion of your estate's real estate note.

What Is A Real Estate Note?

For a variety of reasons, many sellers provide the financing to the buyer to consumate the sale of their property. Depending on the type and location of the property and the legal structure of the transaction this form of loan is known as seller-financing, owner financing, private mortgage, deed of trust, land contract etc.

Some sellers take back a note because they do not need cash and want a long term asset with current income but the majority of sellers who finance the sale of their property do so to either sell the property quickly or to get a price they would not have been able to achieve otherwise. Many times, all things being equal, the heirs of an estate would prefer to have cash. That's where we come in--we can turn some or all of those future monthly payments into immediate cash.

We try to answer as many questions as we can on our Frequently Asked Questions page but following are some additional topics that you may find of interest if you are considering selling your estate's note:

Valuation of a Real Estate Note

The value of a real estate note is determined primarily by the risk associated with the loan and that varies on a case by case basis. However, you can go to our page on Valuation and get a good idea of what factors investors will be looking at to determine the value of your note and you can always have a free appraisal on the value of your note by completing our Online Submittal Form

Purchase Options

We can tailor our purchase to meet your specific needs and you can sell all or just a portion of your note. The three most common purchase arrangements are:
  1. Full Purchase-Sell all remaining payments
  2. Partial Purchase-Sell only a portion of remaining payments
  3. Split Purchase-Sell only a portion of each remaining payment


The Process Required

It is really pretty easy to sell your estate's note. Following are the steps that will be required:
  1. Submit A Request for a quote either Online or by calling us toll free at (800) 480-3928.
  2. We will provide you with a tailored proposal designed to meet your estate's current needs.
  3. Upon acceptance of our offer you will submit to us the documents needed to complete the purchase (See Frequently Asked Questions).
  4. We will run a credit check on the buyer.
  5. After review of the credit we will order an appraisal.
  6. After review of the appraisal we will order Title Insurance.
  7. We will prepare the closing documents which you will review and sign. This can often be done through Fedex but some investors will require that a title company close to your location do the closing.
  8. You receive your money either by wire or mail.

Note that all of the costs mentioned above are paid by us and the quote you get will be a Net Quote --"What you see is what you get!"

 
Frequently Asked Questions                  Online Request For Quote