What’s My Note Worth
Another way of asking this question is “How much of a discount must I take if I sell my note?” All notes are purchased at less than the remaining balance of the note if the whole note is purchased. This difference between the remaining balance and the purchase price of the note is the “discount.”
The best way to find out how much your note is worth is to get a quotation from a professional note buyer. Be wary of some people who may approach you offering to buy your note for cash. Many of these buyers will attempt to give you a low-ball offer, whereas a professional note buyer will be more competitive with current secondary mortgage money market rates.
Also, many amateur note buyers don’t know how to structure partial offers tailored to your needs as a note holder and many don’t know how to close the transaction properly so both the note holder and the note buyer are protected. Complete the form below to receive your free quote or you may contact us 800.584.4898.
