Question 1

What is a note appraisal?

Accepted Answer

A note appraisal reflects the current market value of your payments similar to what a real estate appraisal provides for real property. It shows what your future payments are worth in cash dollars today and is sometimes referred to as a “note analysis” or “quote”.

We recommend you have your note evaluated once a year as pricing may change based on market conditions.

Question 2

How is the value of a note determined?

Accepted Answer

The value of a note is affected by the down payment, interest rate, payment amount, and term as well as the buyer’s credit rating and payment history. The type, condition, and value of the property also impacts the value of your note.

The time value of money, which makes payments due now more valuable than payments due in 20 to 30 years, also plays a role in the evaluation process. Generally, due to inflation, money in your pocket today is worth more now than later. All of these elements will be taken into consideration in determining the current value of your note.

Question 3

How do I maintain the value of my note?

Accepted Answer

Many of the items that affect the value of your note were determined at the time the property was sold. However, there are three things that you can do now to make your note more valuable:

• Keep good records and copies of the payments received.
 • Obtain a copy of the property insurance policy from the buyer each year.
 • Verify the property taxes are paid when they come due.

Following the three points will help you maintain the value of your important asset and avoid any unpleasant surprises.

Question 4

Can I sell all or part of my note?

Accepted Answer

We can purchase all or part of your remaining payments. Selling part of the payments allows you to receive a lump sum of cash up front, then payments when the note reverts back to you.

Many people elect to sell just enough payments to meet their cash needs today and keep some of the future payments as an investment or nest egg. Always ask for an option that meets your needs.

For more information, see the video -(https://www.notesmarketplace.com/videos) Partial Sale.(https://www.notesmarketplace.com/videos)

Question 5

Where will closing take place?

Accepted Answer

We typically close at a title company or attorney’s office in the county where the property is located.  If you already have a title policy, we’ll close at the same title company or attorney’s office.

Question 6

How will selling my note affect the payor?

Accepted Answer

The payer experiences no change in the way the payments are structured.  The only change will be the address where payments are mailed.

Question 7

How long does the note purchasing process take?

Accepted Answer

The process duration will vary, but we strive to make it efficient.  After receiving a copy of the necessary documents, we aim to complete the transaction as quickly as possible.

Question 8

How will I be paid if I decide to sell my note?

Accepted Answer

The purchase price is paid in guaranteed funds (cashier’s check or wire transfer) upon receipt of the final transfer package and original documents.

We are happy to wire funds to the title company so you may exchange your original documents for the proceeds, assuring the safe and secure transfer of your valuable asset.

Question 9

Are there any fees involved in selling my note?

Accepted Answer

There are no fees for you associated when we agree to purchase your note.

Question 10

Is my information kept confidential during the selling process?

Accepted Answer

Yes, we prioritize confidentially.  Your information is securely handled, and we only use it for the purpose of evaluating and completing the note purchased transaction.

Question 11

Why should I consider using The Notes Marketplace to sell my note?

Accepted Answer

We pride ourselves on:  
 • All expenses are paid by us
 • Quick closings
 • Excellent customer service
 • We are easy to work with and have a good reputation
 • Confidentiality with all transactions
 • Credibility in the industry

Question 12

How do I get started?

Accepted Answer

The first step is to obtain a quote using our online form o(https://www.notesmarketplace.com/quote-request-form)r by calling us at
(267) 580-9310. We’ll also request copies of the following documents relating to your transaction:
 • Note and mortgage (Deed of Trust or Contract)
 • Closing statement
 • Buyer information
 • Pay history and current balance

Frequently asked questions