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In the private sector, mortgage notes, land contracts, and deeds of trust are the promissory notes that buyers of real estate give the sellers of real estate in exchange for the ownership of the real property. The holder of the note (the "payee") can sell the entire stream of income or cash flow from the note to a funding source. When multiple notes are held, it is called a portfolio.
Capital Funding of America can assist the holder of a private mortgage portfolio by providing a lump sump of cash for the entire outstanding balance of the portfolio. Unlike the Primary Market, portfolios in the Secondary Market can be sold even if the mortgagees have less than perfect credit. Even if you, the seller of the note portfolio, is currently experiencing credit problems, the value of you portfolio is predicated upon the credit of the payors.
Keep in mind that the creditworthiness of the individual borrower (the purchaser and "payor") will have some effect on the sale price of an individual note--as does the value of the real property.
For more information about the sale of private mortgage note portfolios, please call Capital Funding of America at 1-800-322-5985 or use this link to our CONTACT US page.
