Amerinote Xchange is a 2nd lien mortgage note buyer actively acquiring 2nd liens in all 50 states online. 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 lien position 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 lien 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 lien 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.
Note buyers have the ability, agility, and infrastructure to act quickly when buying your second position notes. Follow the link to learn more about selling real estate notes and for information and pricing on non-performing 2nd lien term loans.
Tara Mastroeni is a real estate and personal finance writer. Her work has been published on websites such as Forbes Advisor, Business Insider, and The Motley Fool. See full bio.
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Abby is the co-founder and Chief Acquisitions Officer. See full bio.