main heading: mortgage note buyers investors
Mortgage Note Buyers & Investors nationwide,  since 1981   -  Trust Deed Buyers    -   Land Contract Buyers
Mortgage Note Pool Buyers  -    Mortgage Note Portfolio  Buyers   -  Commercial Real Estate Mortgage Loans

glow button    We  Pay  Cash  for  your  Mortgage  Note !    glow button

Nobody Likes Foreclosing on a Real Estate Note

In 2008, record numbers of Americans face foreclosure because they signed up for an adjustable rate mortgage or a subprime lending "product" designed to lure them in with easy initial payments, then hammer them with a big increase later on. In many cases it looks like the banks are a little too eager to foreclose on people having trouble with payments, especially since the real estate market is so depressed you might ask: "Once they grab these houses, who are they going to sell them to?" The fact is that banks don't like to foreclose. They get less money and have to go to the trouble of getting the property back on the market themselves.

Unfortunately, big lenders also have to contend with broad economic trends, partly to maintain standards across thousands of clients, and partly because they threw the mortgages they held into tradable investments that fluctuate with market conditions - and as of this writing, those conditions are alarming. Banks are compelled to foreclose according to a one size fits all policy, and it means that in bad economic conditions they tend to initiate a lot of foreclosures at the same time.

Private mortgage note holders don't have to worry about the direct effects of mortgage backed investments, but they do have to think of real estate market values for two reasons. First of all, these determine the prices people are willing to pay. Secondly, a neighborhood with a lot of foreclosures is one where many, many families are struggling to make ends meet. If you're holding a mortgage note that includes your borrowers, either because their other, bank-held properties are doing badly or because they have family members who need help. Worse yet, these same factors can affect you, making you less tolerant of late payments as you find the crisis affects your personal cash flow.

As a note holder you could initiate foreclosure proceedings yourself, but this can be a lengthy, costly process for a private citizen. That's one reason why the option to sell notes exists. Get a free real estate note quote from us and see how you can get cash to save against an emergency now, instead of worrying about whether your borrower can make payments, and what you'll have to do if he doesn't.


     glow button
pen: writing out check

How much is my
worth ?

 Contact us, for a
        no obligation
  • or  Call: 1-321-549-8410  Eastern time

glow button

stop sign: mortgage notes we don't buy
    What We Don't Do  -      Save Yourself Time !
    Please:   Principals only

     No Note Brokers / Finders      
     No  2nd Mortgages

     No  Mortgages  < $ 100,000
     No  MH or Row Homes
     No  Flips or Rehabs
     No  Simultaneous closings

glow button
  • Single family homes
  • Multi-family  1-4 units
  • Multi-family  5 +units
  • Apartments
  • Office  / Retail
  • Commercial
  • Land

glow button