We have been purchasing notes, mortgages and real estate contracts for over a decade and we pride ourselves on a unique client experience at the best price possible.
Amerinote Xchange is a second position note buyer actively acquiring second mortgage loans in all 50 states. All junior lien notes for sale must be secured by real estate. In order for a junior real estate loan to be considered for purchase, the characteristics must fall under these three principal criteria:
A junior loan can be performing (on-time payments) or non-performing (late or no payments)
2nd position lien is preferred to be subordinate to a performing 1st position lien
No minimum loan requirement (no loan too small for consideration)
When shopping for the best price when selling a junior lien debt on the open market, a note seller must keep need to know what to expect during the process. Most 2nd position loans do not sell for top dollar among the note buying community.
They are in fact the riskier types of real estate-backed debt to purchase within the industry. This is due to the subordinate position of the loan to a senior first lien. In the case of default and foreclose, the process can be arduous and costly to the note holder.
If you have a second position note that you are considering selling in order to generate debt-free capital, please feel free to contact us directly and get a quote today.
We have the ability, agility, and infrastructure to act quickly when buying your second position note buyer. To learn more about the note buying industry click here. For information and pricing on non-performing second position notes, please click here.