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.
2. What if I want cash
now instead of waiting 30 years to get paid back?
That's where we come in.
We work with investors who are interested in purchasing
your note so you can have the money you need. This way,
you don't have to worry about late payments or
non-payment any longer!
3. Who invests in
notes?
Actually, there are
thousands of individuals across the country who invest
in notes. However, they are small time compared to the
banks and pension fund managers -- they are the biggest
investors in promissory notes because they are
considered to be fairly safe investments.
4. How much does it
cost for to get a quote?
There is no charge to get
a quote for your note.
5. Who pays the closing
costs?
We generally pay all closing costs and fees.
6. Do
you lend money?
No, we do not lend money. We only purchase receivables
secured by real estate, business notes, annuities &
structured settlements & lottery winnings.
7. Do
you have a minimum or a maximum limit to the size of the
notes you will purchase?
No, we have no minimum or maximums, we purchase notes of
any size or dollar amount.
8. How
long does it take to get my money?
As a general rule it takes two-three weeks to close on a
real estate note, from the time we receive all the
required documentation. Annuities and structured
settlements usually require a court appearance for
reassignment and take a bit longer.
9. Why
does it take two-three weeks to close?
The reason it usually takes two-three weeks to close is
that we must order title reports from the escrow
company. Additionally, we must order a drive by
appraisal of the subject property, which in many cases
is the item that takes the most time to schedule and
have completed.
10. How
do I get my money?
Before the close of escrow we will place a cashiers
check in a trust account with the title company. At the
end of closing the title company will express mail the
cashiers check to you.
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