1. What is a promissory note?
A note is a written document that specifies a promise to pay. The terms of the payment agreement and the parties involved are stated in the note, as well as the collateral (property or real estate) that the loan is secured against.
2. Why should I give up my monthly payments?
There are many reasons note holders give up their monthly payments for a lump sum up front. For instance, there is risk in trusting payments to always come in; what would happen if those payments stopped? Selling your note is a guarantee of getting paid, and being able to intelligently apply your money now.
Many people use the funds to:
- Finance new investment opportunities
- Seek a new degree
- Travel while you are still younger
- Pay for your child’s education
- Buy another home
Abundant Notes promises careful appraisal of your real estate promissory note, and a fair deal for your hard-earned investment.
3. What if my note is not worth discounting?
Contact Abundant Notes with details, and we can get you a top dollar quote for free. Depending on your note, it could be close to the remaining balance.
Click here to conveniently submit your details for a quote online:
Submit Your Note Details for a Free Quote
4. What if I have several properties?
We are interested in any properties you are receiving payments for! You can fill out and submit this form once for each property to receive quotes for each, or contact me at the phone number in the title image to discuss your options.
5. Do you only buy residential promissory notes?
Yes, we only purchase residential notes at this time.
6. Am I required to get an appraisal?
No, you are not required to obtain an appraisal. An appraisal is handled by the buyer in the closing process.
7. How soon can I expect my money from the sale?
As long as the information is accurate and current, we can close and give you your money in as little as three weeks.