What types of Privately owned Real Estate Notes do you buy?
We buy and wholesale privately owned, performing, first lien (1st 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.
You must be receiving payments on the note you want to sell, not making payments as a borrower.
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 seasoning for the most recent six (6) months or more.
Seasoning is a term to describe the length of time payments have been received on the note.
A 1st lien mortgage or trust deed is recorded in the county records where the Real Estate resides PRIOR to the recordation of other liens or loans against the property.
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 tailored 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 by funding the full purchase price of your note with a lump sum of cash wired directly to your account at the title company conducting the closing. You will be totally free of the note, and we will assume full responsibility for it.
(2) Partial Purchase: We can buy PART of your remaining payments by funding the partial purchase price of your note with a lump sum of cash wired directly to your account at the title company conducting the closing. 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 you on a partial purchase PLUS the future remaining balance, when the note is assigned back to you by your selected note servicing company, often exceeds the current remaining balance on the note. How does a partial purchase of the note affect the property buyer (borrower) making payments on your note? A full or partial purchase of your note will have no effect on the property buyer or payor(s) of your note, with the possible exception of where the property buyer will be mailing their loan payments. The terms of the note (payment amount, balance, interest rate, term, etc.) do not change. If the loan servicing provider changes, the property buyer will be given a new postal mailing address to mail their loan payments. 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 and seasoning 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 my lump sum funds 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, call us or use our online Note Submission Worksheet, to provide information about your note, the property securing the note, and the property buyer. Then fax or email copies of your note, mortgage or trust deed, and property sale closing statement. No worries, it is our pleasure to help you through this process. After evaluating the information which you provided and your note qualifies within our note investment guidelines, we will typically respond back to you within 48 hours with a pricing quote during business days, Monday through Friday, except holidays. 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 (borrower). If you accept our written offer, we will email you our note purchase agreement for your signature and ask you to fax or email it back to us. Then we will send you a list of a few additional documents for you to send us by email or fax 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 complete file to us; the sooner you will receive your lump sum of cash. We will help 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(borrower) 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. The closing on your promissory note sale transaction typically occurs at the same title company located in the same county that conducted the closing on the sale of the Real Estate securing your promissory note. I look forward to helping you resolve your cash needs as fast as possible by buying all or part of your performing residential Real Estate note. Please review our Terms of Service by clicking here. Call 954-296-5538 to speak with me or click here to contact us for a free appraisal of your 1st Lien Real Estate Note, with no-obligation, or click here to request your free, fast cash quote online today. Bob
What options do I have in selling my privately held performing 1st Lien Residential Real Estate note? Our note purchase plans can be individually tailored 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 by funding the full purchase price of your note with a lump sum of cash wired directly to your account at the title company conducting the closing. You will be totally free of the note, and we will assume full responsibility for it.
(2) Partial Purchase: We can buy PART of your remaining payments by funding the partial purchase price of your note with a lump sum of cash wired directly to your account at the title company conducting the closing. 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 you on a partial purchase PLUS the future remaining balance, when the note is assigned back to you by your selected note servicing company, often exceeds the current remaining balance on the note. How does a partial purchase of the note affect the property buyer (borrower) making payments on your note? A full or partial purchase of your note will have no effect on the property buyer or payor(s) of your note, with the possible exception of where the property buyer will be mailing their loan payments. The terms of the note (payment amount, balance, interest rate, term, etc.) do not change. If the loan servicing provider changes, the property buyer will be given a new postal mailing address to mail their loan payments. 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 and seasoning 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 my lump sum funds 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, call us or use our online Note Submission Worksheet, to provide information about your note, the property securing the note, and the property buyer. Then fax or email copies of your note, mortgage or trust deed, and property sale closing statement. No worries, it is our pleasure to help you through this process. After evaluating the information which you provided and your note qualifies within our note investment guidelines, we will typically respond back to you within 48 hours with a pricing quote during business days, Monday through Friday, except holidays. 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 (borrower). If you accept our written offer, we will email you our note purchase agreement for your signature and ask you to fax or email it back to us. Then we will send you a list of a few additional documents for you to send us by email or fax 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 complete file to us; the sooner you will receive your lump sum of cash. We will help 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(borrower) 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. The closing on your promissory note sale transaction typically occurs at the same title company located in the same county that conducted the closing on the sale of the Real Estate securing your promissory note. I look forward to helping you resolve your cash needs as fast as possible by buying all or part of your performing residential Real Estate note. Please review our Terms of Service by clicking here. Call 954-296-5538 to speak with me or click here to contact us for a free appraisal of your 1st Lien Real Estate Note, with no-obligation, or click here to request your free, fast cash quote online today. Bob
Robert L. Wright, "Bob", President & CEO of Mega World Investments, LLC, received the Certified Mortgage Investor designation (CMI) from the National Mortgage Investors Institute (NMII) at the Open University in Orlando, Florida, a member of the American Cash Flow Association TM and Association of Private Mortgage Professionals, and is currently licensed in the state of Florida as a Real Estate Sales Associate.
He earned his A.S. Degree in Electronic Technology and computer programming, graduating with honors from Broward College, FL.
Robert is an honorably discharged U.S. Veteran having served with the US Air Force at Fort Hood, Texas (1st Calvary Division), Camp Humphreys, South Korea, Patrick Air Force Base and Cape Canaveral (NASA), Florida.
He earned his A.S. Degree in Electronic Technology and computer programming, graduating with honors from Broward College, FL.
Robert is an honorably discharged U.S. Veteran having served with the US Air Force at Fort Hood, Texas (1st Calvary Division), Camp Humphreys, South Korea, Patrick Air Force Base and Cape Canaveral (NASA), Florida.
