How Selling Your Note Works, Step by Step
Selling your note is a three-step process: tell us about your note, review your free quote within 24 hours, and close in about 3-4 weeks with the money wired to your account. No fees, no obligation, and you stay in control at every step.
Here's what actually happens at each stage, so nothing is a mystery.
Step 1: Tell us about your note
Fill out the quote form. It asks for the basics: your contact information, the property behind the note, and the note's terms, balance, and payment history. Have three documents nearby, because they'll be needed to firm up the offer:
- Settlement statement from the original sale
- The mortgage instrument (deed of trust, land contract, or real estate contract)
- Payment record
Holding 5 or more notes? Skip the form and schedule a call instead. Portfolios move faster in a conversation.
Step 2: Get your offer
Within 24 hours you'll have a fair, written quote. The number reflects your note's interest rate, payment history, borrower equity, lien position, property type, and remaining term. You can ask for a full purchase or a partial sale where you keep some of the payments.
Take your time with the decision. The quote is free, there's no pressure, and walking away costs nothing.
Step 3: Close and get paid
Once you accept, verification begins: the note documents, the payment record, and the property title. This diligence period is why closing takes 3-4 weeks rather than days, and it protects both sides. At closing, you sign the transfer paperwork and the funds are wired to you.
Your borrower keeps paying on the exact same terms. The only thing that changes is where the payment goes.
What can slow a closing down?
- Missing documents, especially an incomplete payment record
- Title issues on the property that need clearing
- A borrower who is hard to verify
Clean records are the single biggest speed lever. If you self-service your note, gather every payment record you have before you start.
Frequently asked questions
Does it cost anything to go through this process?
No. The quote, the diligence, and the closing carry no fees to you.
Can I back out after accepting the offer?
You can walk away at any point before closing documents are signed.
Do I need my borrower's permission to sell?
No. Notes are transferable by the holder. Your borrower is simply notified where to send payments going forward.