What kind of notes do we buy?

  • Privately held, performing, seller-financed notes 
  • Re-performing bank loans with 12 months of verifiable, on-time pay history 
  • 1st Position Mortgages or Deeds of Trust; no seconds            
  • Land Contracts or Contracts for Deed (Some states require that we first convert them to a Mortgage or Deed of Trust)
  • Notes secured by residential or commercial properties anywhere in the U.S. 
  • Notes secured by land anywhere in the U.S. 
  • Notes secured by rental properties 
  • Notes secured by mobile homes, provided the mobile home has been permanently affixed to the land and is taxed as an improvement 
  • Minimum property value of $50,000 
  • Minimum current balance of $20,000;  no maximum current balance 
  • Minimum of 3 months of seasoning (3 payments have been made) 
  • If down payment is less than 10%, then a minimum of 12 months of seasoning (12 payments have been made) 
  • Sub-par credit will be considered on a case by case basis with adequate seasoning and down payment 
  • Real estate taxes must be current 
  • We will buy all or part of the Note (a partial) 
  • Interest Only Notes considered on a case by case basis 
  • Underlying loans on wrap mortgages must be paid off at closing