Private Mortgage Note Buyers
We Are
Note Buyers
- Private Mortgage Note
- Land Contract
-
Contract
For Deed - Deed of Trust
It’s Easy
To Sell Your Mortgage Note
Porch Swing Funding buys private mortgage notes, land contracts, contracts for deed, and deeds of trust from individual note holders across the United States. We work directly with sellers – no call centers, no middlemen – providing a personal, straightforward process at no cost to you. Our free quotes are fast and easy, and most note sales close in about 30 days.
- Request A Quote
- Submit Copies of Your Loan Documents
- We Handle and Pay For The Underwriting Process
- We Schedule And Pay For The Closing
- We Ensure A Seamless Transition For The Payor
We look after you each step of the way. See the full step-by-step process, or request a quote to discover your options.
How Much Is My Private
Mortgage Note Worth?
Don’t let yourself be left in the dark. Many factors determine the price of your mortgage note. We’ll treat you fairly, provide options, and explain how we determined your note’s value.
How Much
Is My Private
Mortgage Note Worth?
Don’t let yourself be left in the dark. Many factors determine the price of your mortgage note. We’ll treat you fairly, provide options, and explain how we determined your note’s value.
NO TWO SELLER-FINANCED MORTGAGE NOTES ARE THE SAME. SOME FACTORS INCLUDE:
- Property Value and Type
- Current Equity
- Payment History
- Payer Credit Scores
- Note Terms
If you’re looking for the best offer for your private mortgage note from someone who will treat you fairly and honestly, Porch Swing Funding checks the boxes.
Why Sell?
People usually decide to sell a mortgage note (or installment sale contract) when they would rather not wait years for the remaining monthly payments, burden their heirs with the hassle of collecting payments, or have an immediate need for a cash lump sum.
- Travel
- Be free from worries
- Manage an estate
- Make other investments
- Pay bills
- Qualify for senior care programs or housing
There’s also the option to sell a portion of your note balance – called a “partial.” This gives you the ability to take a little cash now and collect the remainder of the note later.
AS FEATURED IN
What Note Sellers Say
I needed to sell one of my real estate notes for quick cash, and Marco was there to answer all of my questions and keep me informed through the entire process, which only took about 30 days from start to close. I did shop around and Porch Swing found me the highest payout for my note by far.
Porch Swing Funding was the only one that gave me a fair price and didn't use "used car salesman" tactics. Professional, courteous, and with great guidance. Porch Swing gave me the highest offer by thousands of dollars.
Marco is amazing to work with. He's patient and informative, great at keeping you updated when things are taking longer than expected. He was a pleasure from the get-go and we would definitely use Porch Swing Funding in the future.
Marco was great to deal with. He was very informative, explained all the details and made this transaction very easy. We now have the money to move on with our plans.
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All About Selling Your Note
- Note Selling, Uncategorized
- /
If you sold a property with seller financing (meaning you acted as the bank and let your buyer pay you directly over time instead of going through a lender) you’ve likely been collecting monthly payments ever since. That arrangement works well for a lot of people. But there’s a point where sitting on a stream […]
- Selling Your Note
- /
For years, you’ve been the bank. Every month, a payment hits your account – a reminder that your money is tied up in a note, a piece of paper representing a loan you extended to a buyer when you sold your property. It’s steady. But it’s also slow, and you can’t spend a payment stream […]
- Mortgage Notes
- /
FAQs About
Selling Promissory Notes
When you sell a promissory note, mortgage note, deed of trust, contract for deed, or another type of loan agreement – you are assigning your right to receive future payments to someone else. In exchange, you receive a lump sum of cash.
Selling a real estate note involves sharing copies of documents such as your loan paperwork, closing statement, and payment history with a note buyer who will provide a quote and perform further due diligence. The note buyer will order a title report, property appraisal and check your borrower’s credit. Selling a note usually takes about 30 days. Closing usually takes place at a title office. Other options include “close by mail” or the use of a mobile notary.
There is no pre-determined discount when selling a mortgage note. Prices on the secondary market fluctuate based on current interest rates and other economic factors. Note buyers also take into account factors such as the property type and condition, equity coverage, borrower credit, payment history, loan terms, and the number of remaining payments.
The only thing that will change for the borrower if you sell your note is who they make their payments to. Since we are buying an existing agreement, none of the terms of that agreement will change. This includes the payment amount, interest rate, and due dates.
If you work with a loan buyer who pays due diligence and closing costs, selling your note should not cost you anything. Be sure to ask if the buyer expects any costs could come up that would need to be covered by you.