Serving the real estate community for over 40 years.

Selling Notes | Protecting your note
Loans: Commercial, SBA / Terms | Loan Portfolio | Loan Package Checklist
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Selling Your Note

Inflation has definitely set in and the Federal Reserve is rapidly raising interest rates. With each Fed Raise, your note has less and less value. So if you are considering selling, call me now ( 909-948-0186 ) and I can give you an accurate quote on what you can expect for a cash payment.

BORROWING ENTITY: (To Print This Checksheet in PDF Format (Adobe Reader) click here)
We represent both private and institutional investors who will purchase your note for cash. There are many types of promissory notes that can be sold. Among the most common are:

• Real Estate Notes
• Equipment Notes
• Business Notes
• Inheritance Notes
• Lotteries
• Mobile Homes
• Structured Settlements

Selling of a note can be structured to meet your needs... some of the ways are:

• Selling a portion of the note
• Selling the entire note
• Selling the Note and retaining the payments for a specified
• period of time. (also known as a reverse partial payment)
• Short life yield program gives you a higher price assuming a 7 year balloon.
• Low loan to value program (this greatly decreases the time to close the transaction)

Tips for protecting your note

1. Each year make sure the fire insurance policy is paid.
2. Look for the actual policy and verify you are listed as the lender/payee
3. Check on the property taxes and make sure the buyer has paid them.
4. A semi annual visit to the property to make a physical inspection is wise.
   • take time to see if there is any serious wear and tear that is not being fixed
5. Check your files for the note and the recorded trust deed. It is amazing how many notes get misplaced, lost, etc.
6. Double check all payments as to amount received.
   • Look for proper allocation between principal and interest.
7. Once a year, send the buyer a letter detailing what you show as the remaining balance.
   • This saves arguments when the note is due or you wish to sell it.
8. If your note has a balloon (all due and payable) remind the buyer ahead of time.
9. If you are considering selling the note, use my checklist to make sure you have the important facts the new investor will need.

Note Testimonials

We had a real estate note on a used car lot. $100,000, paying monthly at 8% interest. Improvements consisted of a mobile office that was still on its wheels. We needed cash fast for another investment. Ed not only gave us the best quote but he followed up on each request promptly and we had our money in less than two weeks. RG - Bloomington, Calif.

A non owner occupied home in Ajo, Arizona that we sold two years ago, spotty payments and we tired quickly of reminding the buyer he owed us each month. Received a letter and from Ed and for the heck of it, gave him a call. He gave us a price in 2 days and we were under contract to sell on the third day. Now I can sleep at nights... CL - Phoenix, Arizona

A piece of vacant land near Bakersfield, Calif. $700,000, paying interest only for 3 years. An opportunity came up that we could not pass on so decided to sell the note. Contacted Three "Note Buyers" and Ed was the only one who sounded like he knew what he was doing... He asked all the right questions. In three days, we had a signed offer that made sense. It pays to deal with someone who has a depth of real estate experience. He gave us a fair offer that we felt was good for both parties. MH - Chicago Ill.

We were in the Car Wash business for 20 years and decided to sell and take back the paper. Two years into the sale, we discovered the buyer had not paid the property taxes. His payments were spotty and always had a good excuse. We wanted out!!!! Ed had sent us a letter and for some reason I put in my property folder. Thank God I did... Contacted him and made a deal within a week. Easy to work with and most important, he always returns his phone calls.

We had a note and trust deed for a single family residence. Everything was going fine when we discovered we could use $50,000 quickly for a family emergency. The note was for $250,000 and we really did not want to sell the entire note. Ed arranged a partial sale of the note where we got the cash needed, payments were than made to the investor for a specified period of time and then we got back the full note. He knows his stuff!!! HS - Provo, Utah.

The following lists the basics of what we will need to evaluate and give you a written commitment to purchase your note.

• Your Name :____________________________________
• Your Email Address:______________________________
• Your Phone:_______________________________________
• Who receives the payments:_______________________________
• Type of Property: ______________________________________
• Property Value: __________________________________________
• Property Description: _____________________________________
• Owner Occupied ?:__________________________________
• Sales Date: _____________________________________________
• Sales Price: ____________________________________________
• Cash Down Pmt:_____________________________________
• Interest Rate: ______________________________________
• Term: _________________________________
• Copy of Signed Note
• Copy of Signed Trust Deed
• Balloon (if any) Due :____________________________________
• Balloon Amt: ________________________________________
• Lien Position: _______________________________________
• Junior Liens: (need to know amounts)___________________________
• Orig Loan Amt: ________________________________________
• Current Loan Balance: ____________________________________
• Current Payment (principal & interest) _______________________________
• Payment Frequency: (Monthly, Qtr, Semi Annually, Annually)_________
• Address of Property: _____________________________________
• State: ______________________________________________
• City: __________________________________________________

After bid is received and you have accepted buyer's price for your note, the following items will be needed before close.

• Copy of Sellers Closing Statement (if possible)
• Copy of Title Policy (given at time of sale)
• Pictures of Property (front, across street, each way from subject)
• Copy of Insurance Policy and Tax Statement

This information can be faxed to us. Your information is confidential and will not be disclosed except to interested buyers of your note. Our job is to obtain for you the best possible price. Remember, you can call me anytime at 909 948 0186. This is my private direct line and you will speak to no one but Ed Soehnel.

Do you need a written appraisal as to the value of a note? I can provide you with all the necessary documentation and an opinion letter.

Selling Notes | Protecting your note
Loans: Commercial, SBA / Terms | Loan Portfolio | Loan Package Checklist   
About Us | Contact Us | Request Form | Testimonials | Home