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FAQ, Mortgage Note Buyer offering top dollars. 1-856-751-8254

FAQ ( Frequently Asked Questions )

How does the current real estate situation affect selling your note? Click here to find out

 

How much should I expect for my note ?

How long does it take to close?

How do I receive my money?

How long does it take to get my money?

Who pays the closing costs?

Is there a maximum or minimum size note that you buy?

Do you lend money?

Do you charge for providing a quote ?

Iím concerned about confidentiality, what shall I do ?

Do you buy bank notes ?

How can I make sure that Iím getting a fair price for my note?

Do you buy Business Notes ?

Do you buy REOs ?

Do you do Simultaneous Closing ?

 

 

 

 

How much should I expect for my note ?

 

There are many variables that we consider before giving you a quote. You should become familiar with the factors that affect the value of your note. Email us, give us a call or fill out the quote request form. You will get our best quote.

 

 

How long does it take to close?

 

Generally, it takes 2-3 weeks to close on a real estate note from the time we receive all the required documents. A title report and an appraisal are ordered, which are what take the longest.

 

 

How do I receive my money?

 

Upon closing, money is usually wired directly to the escrow company/title agency for disbursement.

 

 

How long does it take to get my money?

 

Your money will be sent upon closing or shortly after. Remember that it generally takes 2-3 weeks to close.

 

 

Who pays the closing costs?

 

Sometimes we pay closing costs and sometimes the noteholder does. Every deal is different. You can always tell us if you prefer us to pay closing costs and we will make an offer accordingly.

 

 

Is there a maximum or minimum size note that you buy?

 

There is no maximum. Generally we prefer that the note be a minimum of $20,000, however we look at each note on a case by case basis.

 

 

Do you lend money?

 

We now offer a variety of Commercial Bridge Loans to our customers, please visit our Bridge Loans page to get up-to-date information.

 

 

Do you charge for providing a quote ?

 

Providing a quote is completely free. You can call us anytime at 1-856-751-8254, contact us or fill out the online quote request form.

 

 

Iím concerned about confidentiality, what shall I do ?

 

You should always be concerned about confidentiality. Your private financial information should be kept private.

We do business with large financial institutions and organizations that entrust us with very delicate information. Please read our Privacy Policy.

 

 

Do you buy bank notes ?

 

We buy portfolios of notes from large financial institutions, performing and non-performing.

 

 

How can I make sure that Iím getting a fair price for my note?

 

Unlike the primary mortgage market (mortgage companies and banks) where you know exactly the interest rate and costs involved, the secondary market (thatís us) sets the offers based on a different set of rules.

Due to the high risk involved with these transactions, there is always a discount on the face value of the mortgage. The size of the discount will depend on a variety of factors, most of whom are described here.  Rest assured that we will make the best offer we can give you.

 

 

Do you buy Business Notes ?

 

At this time we do not buy business notes.

 

 

Do you buy REOs ?

 

Although itís not our main line of business, we occasionally purchase REOs. We look for high value properties and portfolios.

 

 

Do you do Simultaneous Closing ?

 

Yes. We are the Internetís place to do Simultaneous Closing. Please visit our website SimultaneousClosing.com to get more information.

 

 

 

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NotesBuyers.com
 Reef Investments, Inc
532 Old Marlton Pike # 226, Marlton, NJ 08053
 
856-751-8254
Fax : 856-994-1011
 Business Hours
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