Mortgage Note Sale

Selling Your Private Mortgage Note
 

GT Universal is a company where the note trade is a profession and a passion.   We can turn your private mortgage or any other stable market notes into cash.    Do you own a mortgage note that only gives you that monthly payment?  Do you need that buyout to get your cash out now?  We can help.

     Private Mortgage Notes are sometimes known as Owner Carry Back or Seller Financed Mortgages.  These promissory notes are created when a seller of any residential or commercial real estate also provides some degree of financing to the buyer. 

     Put simply, you became the bank when you sold your property and now you have to wait on the payments from the new owner.

     These promissory mortgage notes are know by many names.  Trust deeds, contract for deed, installment land agreement,  sales agreement, and real estate contract are all names for a private mortgage note. 

     These notes can be for the full or majority amount of the mortgage called first position notes.  They can also be a minor percentage or even a second mortgage behind a traditional mortgage lender's first position loan called second position notes .

 

 

 

      We cover the many factors that go into accurately calculating how much you would get for your mortgage note.   

1.  Type of property sold       2.  Date the property was sold   3.  Selling price of the property   4.  Interest rate of the note   5.  Down payment you received   6.  Ownership length prior to sale   7.  Maturity date on the note    8.  Location of the property   9.  Payment amount and history 10.  Current or remaining balance 11.  Property taxes and insurance 12.  The credit of the note payor

   We take care of all the details that will properly complete the cash out and transfer of your note.

 

Receive a no obligation, confidential quote for your private mortgage note.  Simply complete our quote request form by fax, mail, or our quick and easy webform. Our representative will be in touch with you immediately to confirm and complete your request.

• IRS reporting requirements
• Foreclosure or destruction of the property
• Job loss, divorce or death of the payer
• A lapse in the property insurance
• Unpaid real estate taxes
  

Attention! Real Estate Professionals and FSBO Sellers.      While owner carry-back mortgages can often provide the catalyst to get the deal done, many sellers are reluctant to hold mortgage paper for lengthy periods of time. Before you structure your deal, contact us to find out how to make your private mortgage attractive for resale at a later date.