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We buy 1st Lien Real Estate Mortgage Notes, Trust Deed Notes, Land Contracts, and Agreements for Deed, for TOP DOLLAR, with fast closings, and professional service to help you quickly fulfill your cash needs.
What types of Privately owned Real Estate Notes do you buy? We buy and wholesale privately owned, performing, First lien, Residential Real Estate Notes secured by a mortgage or trust deed on 1 to 4 residential units including single family homes, townhouses, and condominiums nationwide.
The privately owned promissory Note is created when the property seller provides owner financing to the property buyer, instead of the property buyer receiving traditional financing through a bank or other lender.
Real Estate Notes are typically said to be performing when the property buyer has been making their scheduled payments on time to the property seller for the most recent 12 months or more. However, we buy existing Notes having a payment history for the most recent six (6) months or more.
A First lien mortgage, or First lien trust deed, is recorded in the county records before or prior to the recordation of other liens or loans.
Why would I want to sell and receive a lump sum of cash for my Performing, 1st Lien, Residential Real Estate note?There are many reasons why a note holder will sell their payment income stream for a lump sum of cash.
A note holder may need cash to start a new business or to replenish spending capital for an existing business, pay for college tuition, take a well deserved vacation, pay off credit card and other debts, pay taxes, make home improvements, retirement, unexpected financial changes, etc, or they are tired of servicing the note and would like to eliminate the worries and hassle of collecting payments.
Selling the note eliminates worrying about late payments, damage to the Real Estate securing the note, unpaid premiums for homeowner's insurance, unpaid Real Estate property taxes or the possibility of foreclosure.
What options do I have in selling my privately held performing 1st Lien Residential Real Estate note?Our note purchase plans can be individually taylored to meet your financial needs and goals. Most note holders choose one of the following options:
(1) Full Purchase: We can buy ALL of your remaining payments for a lump sum of cash. You will be totally free of the note and we will assume full responsibility for it.
(2) Partial Purchase: We can buy a portion of your remaining payments and pay you a lump sum of cash. After we receive the number of payments we purchased, the note and mortgage/trust deed will be assigned back to you and you will collect the remaining future payments. It is a convenient way to obtain the cash you need now, while you continue to have a vested interest in the note for future income. The up-front cash paid to the note seller plus the future remaining balance, when the note is assigned back to the note seller, often exceeds the current remaining balance on the note. How is the property buyer or payor of the note affected?A full or partial purchase of your note will have no affect on the property buyer or payor(s) of your note, with the exception of where the property buyer will be mailing their payments. The terms of the note (payment amount, balance, interest rate, term, etc) do not change. The property buyer will be given a new postal mailing address to mail their payments. In the case of a partial purchase, when the note is assigned back to the note seller, the note seller's then current postal address will be given to the property buyer to mail the remaining payments to the note seller. What factors determine the value of my note? There are a number of factors that affect the current value of a note including: 1. Down payment on the property sale 2. Credit of the property buyer 3. Note Interest rate 4. Note Term 5. Note Payment Amount 6 Note Payment history 7. Value of the property 8. Property type and occupancy 9. Condition of the property 10. Time value of money How much time does it take for me to receive cash for my note? After we receive the necessary file of documents from you, ten to fourteen (10-14) business days is the typical amount of time you can expect to receive your cash in guaranteed funds at the title company, either by wire transfer or cashier's check. Your help will expedite the process. We do our best to make the process as easy and convenient as possible. How do I get started to sell my note and briefly describe the process? First, you will need to call us or use our online Note Submission Worksheet, to provide information about your note, the property securing the note, and the property buyer. You will also need to fax copies of your note, mortgage or trust deed, closing statement, payment history, current balance, and property buyer information. It will be our pleasure to help lead you through this process. After evaluating the information you provide, we will typically respond back to you within 48 hours with a quote during business days, Monday through Friday, except holidays. If your note qualifies within our note investment guidelines, we will email you a detailed written offer to buy your note, subject to due diligence and final review of property title, property appraisal, and credit of the property buyer. If you accept our offer, we will email you our note purchase agreement for your signature and ask you to fax us copies of additional documents to complete the file. As soon as we receive the complete file of paperwork from you, our due diligence begins. The sooner you send the paperwork to us, the sooner you will receive our note offer in cash. It is our pleasure to help lead you through this process of submitting the complete file. During due diligence, if the final review of title, property appraisal, and credit of the property buyer remain acceptable to us, you can expect to receive the note purchase price in guaranteed funds by wire transfer or cashier's check, typically within 10 - 14 business days after due diligence begins, at the title company, in a legal, secure exchange of your original note and documents. Call 954-296-5538 now or click here to contact us for a free appraisal of your 1st Lien Real Estate Note, without any obligation, or click here to apply online. We look forward to serving you.
What options do I have in selling my privately held performing 1st Lien Residential Real Estate note?Our note purchase plans can be individually taylored to meet your financial needs and goals. Most note holders choose one of the following options:
(1) Full Purchase: We can buy ALL of your remaining payments for a lump sum of cash. You will be totally free of the note and we will assume full responsibility for it.
(2) Partial Purchase: We can buy a portion of your remaining payments and pay you a lump sum of cash. After we receive the number of payments we purchased, the note and mortgage/trust deed will be assigned back to you and you will collect the remaining future payments. It is a convenient way to obtain the cash you need now, while you continue to have a vested interest in the note for future income. The up-front cash paid to the note seller plus the future remaining balance, when the note is assigned back to the note seller, often exceeds the current remaining balance on the note. How is the property buyer or payor of the note affected?A full or partial purchase of your note will have no affect on the property buyer or payor(s) of your note, with the exception of where the property buyer will be mailing their payments. The terms of the note (payment amount, balance, interest rate, term, etc) do not change. The property buyer will be given a new postal mailing address to mail their payments. In the case of a partial purchase, when the note is assigned back to the note seller, the note seller's then current postal address will be given to the property buyer to mail the remaining payments to the note seller. What factors determine the value of my note? There are a number of factors that affect the current value of a note including: 1. Down payment on the property sale 2. Credit of the property buyer 3. Note Interest rate 4. Note Term 5. Note Payment Amount 6 Note Payment history 7. Value of the property 8. Property type and occupancy 9. Condition of the property 10. Time value of money How much time does it take for me to receive cash for my note? After we receive the necessary file of documents from you, ten to fourteen (10-14) business days is the typical amount of time you can expect to receive your cash in guaranteed funds at the title company, either by wire transfer or cashier's check. Your help will expedite the process. We do our best to make the process as easy and convenient as possible. How do I get started to sell my note and briefly describe the process? First, you will need to call us or use our online Note Submission Worksheet, to provide information about your note, the property securing the note, and the property buyer. You will also need to fax copies of your note, mortgage or trust deed, closing statement, payment history, current balance, and property buyer information. It will be our pleasure to help lead you through this process. After evaluating the information you provide, we will typically respond back to you within 48 hours with a quote during business days, Monday through Friday, except holidays. If your note qualifies within our note investment guidelines, we will email you a detailed written offer to buy your note, subject to due diligence and final review of property title, property appraisal, and credit of the property buyer. If you accept our offer, we will email you our note purchase agreement for your signature and ask you to fax us copies of additional documents to complete the file. As soon as we receive the complete file of paperwork from you, our due diligence begins. The sooner you send the paperwork to us, the sooner you will receive our note offer in cash. It is our pleasure to help lead you through this process of submitting the complete file. During due diligence, if the final review of title, property appraisal, and credit of the property buyer remain acceptable to us, you can expect to receive the note purchase price in guaranteed funds by wire transfer or cashier's check, typically within 10 - 14 business days after due diligence begins, at the title company, in a legal, secure exchange of your original note and documents. Call 954-296-5538 now or click here to contact us for a free appraisal of your 1st Lien Real Estate Note, without any obligation, or click here to apply online. We look forward to serving you.
Copyright © 2024 Robert L. Wright
All Rights Reserved
Robert L. Wright, "Bob", President & CEO of Mega World Investments, LLC, received the Certified Mortgage Investor designation (CMI) from the National Mortgage Investors Institute at the Open University in Orlando, Florida and is a member of the American Cash Flow Association TM and Association of Private Mortgage Professionals.
Having worked in the private performing residential note industry for more than a decade, Robert feels market conditions are becoming more favorable for acquiring institutional non-performing loans secured by commercial Real Estate.
A proud U.S. Veteran, Robert received an honorable discharge after serving 4 years active and 2 years inactive service time with the United States Air Force.
Robert is licensed in the state of Florida as a Real Estate Sales Associate.
Robert enjoys spending family time with his wife and daughter.
Having worked in the private performing residential note industry for more than a decade, Robert feels market conditions are becoming more favorable for acquiring institutional non-performing loans secured by commercial Real Estate.
A proud U.S. Veteran, Robert received an honorable discharge after serving 4 years active and 2 years inactive service time with the United States Air Force.
Robert is licensed in the state of Florida as a Real Estate Sales Associate.
Robert enjoys spending family time with his wife and daughter.
