If I decide to sell my note, how much will I get for it?

The average mortgage note and business note will sell between sixty-five cents ($0.65) on the dollar to eighty-five cents ($0.85) on the dollar. Above average mortgage notes and business notes (considered to be A+ paper) will sell between eighty-six cents ($0.86) on the dollar to ninety-five cents ($0.95) on the dollar. All offers are a percentage of the current remaining, unpaid principal balance of the loan the time it is contracted or sold.

How is price determined for a note?

Pricing is determined via 3 main foundational characteristics. They are:

  1. Loan terms (rate, pay-back period, balloon payments, clean records, etc.)
  2. The borrower’s ability to pay said loan to the note holder
  3. The collateral securing the loan (property, business, etc.)

The note buyer will need to perform diligence while processing the purchase of a note. The diligence process will include, but not be limited to: a drive-by property appraisal, review of the payment history, ordering and review of a title report pertaining to the property securing the note.

How long will it take to make the note purchase?

The average residential mortgage note purchase will take between 15–23 business days. The average commercial note purchase will take between 20–27 business days. The average business note purchase will take 10–15 business days. All time frames mentioned above are assuming nothing unusual surfaces during the process.

Who pays the costs of purchasing a note?

This varies between note buyers within this industry. As far as Amerinote Xchange is concerned, all costs and fees associated with the sale of a note are paid for by us, the note buyer. In other words, selling a note will not cost you a penny out of pocket.

Is my transaction and personal information kept confidential?

Always. We have not now nor ever engaged in selling information of our note sellers for profit. The few employees that we have were put through many rigorous background and criminal checks to ensure the safety and security of the people we service. If a note buyer or note broker cannot guarantee confidentiality, do not arrange a deal with them.