Frequently Asked Questions
1. What is a note?
A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise. Most notes that we deal with are secured by real estate such as single family residences, multi-units, apartment buildings, commercial, raw land, mobile homes, etc. Promissory notes are usually NOT recorded at the County where the property is located. It is treated as personal property. The Mortgage document, Deed of Trust, or Warranty Deed (if it's a Land Contract or Contract-for-Deed) are the Security Instruments that are recorded at the County that gives public notice of the Lender or Beneficiary of a real estate Note.
2. What if I want cash now instead of waiting 30 years to get paid back?
That's where we come in. We can buy the entire promissory note to get you cash upfront, or you can sell a part of your note, so you can retain ownership and keep most of the value and still get some cash upfront (we call it Renting Your Note other companies call it a Partial Note Purchase). This way, you don't have to worry about late payments or non-payment any longer!
3. Who buys notes?
Actually, there are dozens of individuals and companies across the country who buy notes. Just like banks buy mortgages, private buyers buy notes as investments. They collect payments over time for a steady income stream. It's EASY to sell your note to DICARO & ASSOCIATES! Just give us a call to explore your cash options!
4. How much is this going to cost me?
There is no charge to you, if you're the note holder. Once we agree on a note purchase price, we will pay for all closing costs associated in the sale ( appraisal, credit reports, title work, etc. )
5. How long will it take before I get my money?
All deals vary, but normal closing time is 2 to 3 weeks once we agree on an offer and receive all the required information. A local 3rd-party escrow or title company will usually handle the transaction to efficiently transfer the documents and disburse the funds. The process is very similar to a common real estate transaction.
6. What if I know someone who wants to sell their note?
At this time, we are no longer working with 3rd parties who represent clients. We can ONLY work with the Note Holder directly or the Note Holder's Immediate Family (wife, husband, son, daughter, uncle, aunt, grandparent, cousin, best friend, etc etc.) No attorney's, no accountant's, no real estate broker's, no mortgage broker's, no note broker's, or otherwise please. Thank you for understanding.
Questions? Contact us 24 hours a day!
Call 888-279-1557 to schedule an appointment with an Investment Specialist.
Privacy Policy, Terms, and Conditions of using this website
A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise. Most notes that we deal with are secured by real estate such as single family residences, multi-units, apartment buildings, commercial, raw land, mobile homes, etc. Promissory notes are usually NOT recorded at the County where the property is located. It is treated as personal property. The Mortgage document, Deed of Trust, or Warranty Deed (if it's a Land Contract or Contract-for-Deed) are the Security Instruments that are recorded at the County that gives public notice of the Lender or Beneficiary of a real estate Note.
2. What if I want cash now instead of waiting 30 years to get paid back?
That's where we come in. We can buy the entire promissory note to get you cash upfront, or you can sell a part of your note, so you can retain ownership and keep most of the value and still get some cash upfront (we call it Renting Your Note other companies call it a Partial Note Purchase). This way, you don't have to worry about late payments or non-payment any longer!
3. Who buys notes?
Actually, there are dozens of individuals and companies across the country who buy notes. Just like banks buy mortgages, private buyers buy notes as investments. They collect payments over time for a steady income stream. It's EASY to sell your note to DICARO & ASSOCIATES! Just give us a call to explore your cash options!
4. How much is this going to cost me?
There is no charge to you, if you're the note holder. Once we agree on a note purchase price, we will pay for all closing costs associated in the sale ( appraisal, credit reports, title work, etc. )
5. How long will it take before I get my money?
All deals vary, but normal closing time is 2 to 3 weeks once we agree on an offer and receive all the required information. A local 3rd-party escrow or title company will usually handle the transaction to efficiently transfer the documents and disburse the funds. The process is very similar to a common real estate transaction.
6. What if I know someone who wants to sell their note?
At this time, we are no longer working with 3rd parties who represent clients. We can ONLY work with the Note Holder directly or the Note Holder's Immediate Family (wife, husband, son, daughter, uncle, aunt, grandparent, cousin, best friend, etc etc.) No attorney's, no accountant's, no real estate broker's, no mortgage broker's, no note broker's, or otherwise please. Thank you for understanding.
Questions? Contact us 24 hours a day!
Call 888-279-1557 to schedule an appointment with an Investment Specialist.
Privacy Policy, Terms, and Conditions of using this website
