It would be wise to review the credit of the person purchasing a property from you, if you plan on creating a mortgage loan to sell to an investor. The higher the credit score of the borrower making payments, the higher the chances the seller will have, pertaining to many offers, when selling said asset to an investor. Credit Score of Borrower (primary variable): Ninety percent of the time, credit score comes into play when pricing a note out for purchase.The down payment determines how much equity the borrower has in the property (referred to as Loan to Value or LTV), thus determining how secure that loan would be as an investment in an investor’s portfolio. The more money you collect as a down payment when you sell a property and create a promissory note, the more likely you will see interest in selling said asset down the road – plain and simple. Not only does this variable determine how much money one would receive, but also it identifies if the seller-financed loan can even be sold at all. Down Payment (primary variable): This piece of information is at the top of the list for investors when calculating the present-day value of a promissory note for sale.
There are many primary and secondary variables that come into play when determining the value of a real estate receivable for sale.īelow is a list of items that sellers should be aware of when taking their asset(s) to market: How is market value determined on a real estate receivable being sold to a note investor on the secondary mortgage market? This is a question that comes up many times daily in this industry. We pay for ALL costs associated with the purchase of your mortgage asset, including appraisal, BPO, and title fees. This entire process of selling a mortgage note will take anywhere from 15 days to 30 days depending on the state/property location, the availability of the local appraisers, the availability of the title companies providing the title search, etc.
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If you are not sure, or you are missing any information pertaining to the note for sale, please feel free to contact us and speak to a live person to answer your questions directly. This will include the property address, the loan amount, the interest rate, the payback period, and the name of the property owner. Before you begin the note sale process, make sure you have all of the necessary information to receive a mortgage note quote. I want to sell my mortgage note but where do I start? The process is actually very simple for the note seller.
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