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What is a Note Buyer?

A note buyer is, quite simply, an entity that buys one of a variety of notes. A nationwide mortgage note buyer tends to buy mortgage notes in all 50 states where the security (collateral) for the note is some type of real estate like a house or a commercial building. This type of buyer might also be referred to as a real estate note buyer, a deed of trust buyer, or a note investor. A business note buyer deals with notes where the main collateral is a business, and there is little or no real estate involved.

In addition to houses and commercial buildings, a private mortgage note buyer might also buy notes secured by mobile homes, land, or other property types. The private note buyer is looking to purchase a mortgage note where the property is in good shape and the new owner of the property is likely to make on-time payments.

Why Sell To A Note Buyer

Many people who sell properties or businesses with owner financing have no idea that they can sell their notes. It is fair to say that most note holders would have preferred to have gotten their cash upfront rather than carrying a note. For others, holding a note may have made sense at the beginning, but now their situation has changed. The note holder may have aged to a point that they no longer want to receive payments, perhaps they may have other investment opportunities, or they may not want to mess with late payments, property taxes, and insurance anymore. A nationwide note buyer can alleviate the stress of carrying a note, and put a large sum of money in your pocket quickly.

An excellent mortgage note buyer will explain how a note is priced and what to expect after you have agreed to a price, and will continually keep you updated during the process. In terms of price, the private mortgage note buyer will also explain different pricing options, such as selling all of the note payments versus selling only a set of them.

What Makes A Good Note Buyer?

If you don’t like the product or service of a restaurant, a dry cleaner, or a landscaping company, it is easy to find a similar company that you like better for the next time. Few people ever own more than one real estate note in their lifetime, so it is important to do everything right the first time when selling a note. This includes choosing the best mortgage note buyer.

Whether you are selling a mortgage note or selling a business note, here are some things to look for in a private note buyer:

Be sure to check on whether they have worked full-time in the note business for at least five years. If not, they probably don’t have the experience and competence to painlessly get you through the note selling process.
Ensure that the company has positive reviews with the Better Business Bureau, as well as on the search engines and any relevant websites.
For mortgage notes only, look at whether the company or person is licensed as a real estate broker in at least one state, as they are more likely to have the knowledge and dedication needed. Some states like California require licensing for private mortgage note buyers.
When you talk with the person on the phone, listen to your intuition as to whether the other person seems to know what they are talking about, can ably and honestly answer your questions, and seems focused on excellent customer service

Fortunately, Seascape Capital checks all of those boxes, as it has been in business for over twenty years and consistently gets top reviews with the Better Business Bureau and the top search engine.

About Us

Alan Noblitt is the President of Seascape Capital, LLC, and works as both a real estate note buyer and a business note broker. Alan has an MBA from Arizona State University, a B.S. from the University of Wyoming, and is licensed as a California Real Estate Note Buyer.

Previously, he worked for Hewlett Packard for 18 years in finance and marketing positions, with five of those years spent in France. He launched Seascape Capital in 2002, and incorporated the business in 2003.

What Our Clients Say?

Seascape was a pleasure to work with. Alan made the process quick, easy, and was happy to work a local title company to close the sale. He kept me informed throughout the process and answered any questions I had quickly. I would be happy to work with Alan and Seascape again.

Alan W.

Washington

We have recently sold our note through Seascape Capital, and the experience was very professional and timely. Alan did a great job of keeping us informed through the entire process. Even though it was a long distance transaction, Alan and his team were able to work through the logistics of the deal and get the job done. I would definitely use their service again.

Daniel H.

Texas

Alan

You worked diligently to find the best buyer for my note. You were always approachable to all my questions and quickly answered messages. Thank you for your commitment to me as an individual

Susann P.

Texas

Great service. Everything went smoothly and Allan answered all of our questions and was very professional. Would use this service again.

James M.

Minnesota

Alan with Seascape was great to work with. From start to finish he kept me informed of the progression by phone or text. I would highly recommend Alan and Seascape to anyone wanting to sell their notes! It was a pleasure doing business with them.

Maureen B.

Arizona

Allen Noblitt was very helpful when selling my owner financed mortgage. He made it a very simple process. It was accomplished in a timely manner. I was very pleased

Jerry M.

North Carolina

I chose Seascape Capital based on the excellent reviews. We were not disappointed. This was somewhat unusual since it was a seller financing mortgage on an lot in an RV Park. In spite of the delay in inspecting the property caused by hurricane Dorian, they expedited the processing and wired the funds in a reasonable amount of time. Alan kept me appraised every step of the way, was very responsive to my questions and concerns and at all times very courteous.

Robert B.

South Carolina

Wow, Alan delivered exactly as promised from the first day on. Lots of communication, fair price for my note, and a quick sale. I couldn’t have asked for anyone better than Alan. Thank you sir, you have exceeded my expectations after dealing with years of the mortgage industry.

Scott W.

California

I recently had the task of selling my dad’s mortgage note as his executor. Mr. Noblitt was a huge help. Friendly, professional and always responded in a very timely manner. He was instrumental in the liquidation of this rather complicated note. I highly recommend Seascape Capital and many kudos to Mr. Noblitt.

Elke D.

Oregon

I recently sold a seller financed note to sea scape capital. This was a pretty pain free transaction, they handle all the closing process. Mr. Noblitt was awesome to deal with, he will answer any questions you have, and always answers the phone, or will call back in a timely manner. With this being my first note sale, I will admit I was a little nervous at 1st with everything being handled by phone and email. Alan now has my trust I will not hesitate to use him again if the opportunity arises. Thanks for all your help Alan!!!

Keith E.

Texas

I’d like to say thank you for your exceptional efforts and help with this. I am very grateful and will definitely do business with you in the future. You definitely exceeded my expectations and went above and beyond.

It was an absolute pleasure working with you.

Ray M.

Texas

I would highly recommend Alan Noblitt with Seascape Capital. Alan brings a high level of knowledge and follow through on the Note selling process. More importantly, he explained the transaction then delivered exactly what he promised. I give Alan and Seascape Capital a five star rating.

John H.

Florida

I found Seascape Capital INC on a recent Google search to sell my mortgage note. Alan N. contacted me via phone and email. I sent the requested information and despite three time zones away, closed on the note within 30 days as promised. No misrepresentations and closing was a piece of cake. I thank Alan and Seascape for such a professional and seamless transaction with no prior relationship established prior to contacting them via my Google search. Thank you!

Stuart W.

Kentucky

We would like to express our deepest gratitude to you for going the extra mile in selling our note. You are a true angel!

Shirley W.

Texas

I’m very well please with the service provided. Alan was very efficient and did an excellent job keeping me updated. Highly recommend and i will use again. A++++

Jerry S.

New Mexico

Alan at Seascape Capital is a consummate professional who always returns calls is always available to let you know what is going on and what is needed. If Alan says it you better believe it. He and his company have built a reputation on truthfulness and honesty and I 100 and 10 percent believe in Alan and Seascape.

Stephen S.

Oregon

Wow, you did a great job with a tough note! Thank you for being so forthright with us, and keeping us updated each step of the way. We truly appreciate all that you did.

Kimberly C.

Colorado

My wife and I would like to thank Seascape Capital for their courteous, swift and professional completion when they purchased a real estate note from us. It was a difficult and complex transaction with many irregular aspects but Alan Noblitt walked us through the necessary steps to complete the transaction ahead of our original target date. Not only was the entire transaction smooth and painless but Seascape offered the most for our note out of the top three note buyers we requested quotes from. Thanks Alan for a job well done, we couldn’t have been happier with our results.

Theresa and Don B.

Arizona

I’m very big on quality service and I can say that working with Allan Noblitt at Seascape Capital was a professional experience from start to finish. Pricing was fair and no surprises which goes a long way in making a seamless transaction possible.
Allan was personal and professional from my initial contact to the final sale of my note. Even with the title company delays, no fault of Seascape, Alan was very thorough and kept me updated as to the process right up to completion. Thanks for treating me like a person and not a number. I am very happy with my results and highly recommend Alan Noblitt with Seascape Capital.

Martha T.

Texas

The whole transaction was smooth and easy. Alan helped me through each step and answered all of my questions. If I had another RE note I would use them again.

Robert V.

Texas

I recently completed a transaction with Seascape Capital and was completely pleased with the service and outcome. Mr. Noblitt was professional, friendly and honest every step of the way. I would most certainly use their services again or recommend them to anyone that I know in search of a company to purchase a mortgage or note from them.

Donna E.

Texas

I just finished the process of selling half of my mortgage note to Seascape Capital. Alan was very professional and walked me through every step. Any question or misunderstanding I might have had, he for sure helped me clear it up. The whole thing went a lot smoother and quicker than I was expecting. I am very pleased with my experience.

D’Nette

Oklahoma

I recently sold my mortgage Note to Seascape and the experience was exceptional. Alan kept me informed through the whole process and always called if there was a change or he had additional questions. The whole process was done very quickly and professionally.

Sondra N.

Texas

I just completed a mortgage sale with Alan from Seascape Capital. The process was a painless experience due the professionalism presented by Alan and his team. Thank you and I look forward to working with you again.

John G.

Illinois

Just completed a mortgage note sale with Seascape Capital. Alan was professional, courteous and straight-forward, making the process smooth and efficient.

Randy F.

Oklahoma

” I was a little apprehensive at first, but Alan made me a BELIEVER! Seascape is THE REAL DEAL! Professional, Courteous, and PATIENT!”

Victor R.

Texas

“Thank you so much for all your help selling my note. You were so professional and pleasant to work with. I will definitely recommend you to all my friends. I’m still in awe of how quickly and easily things went.”

Dee B.

Arkansas

“We want to take time to thank Alan and his team for the excellent service he gave us in assisting us with the mortgage note. Alan consistently kept us up to date with what was going on, of what we needed to do at our end and ensured that everything was completed. He was very effective and precise in explaining everything so there was no confusion. The process went extremely smoothly, both with Alan and the servicing company.”

“We highly recommend using Seascape Capital, Inc. to anyone.”

David and Patti F.

Maryland

Thanks for providing continuous attention to my note sale. The care taken was a pleasant surprise to me because the transaction was relatively small.

Jonathan P.

Texas

“Your invaluable assistance helped me close out the estate administration of the residential note that was the last remaining asset in my father’s estate. I appreciate your persistence and ingenuity in overcoming problems and obstacles to bring a difficult transaction to a successful close. I’ll recommend you highly to anyone who faces a similar challenge.”

Tom M.

California

“My note actually involved the whole family – there were five of us, stuck with a purchase money first on the family farm, following its sale some years after my father passed away. We just wanted to put that part of our lives behind us…”

“Our note had been drawn up by a small-town attorney, minus several clauses and guarantees typically present. What a mess it could have been. But Alan handled it all, and we received a lump sum very close to the note’s value, on the timeline explained up front. If you’re looking to sell your note, go straight to Alan Noblitt!”

Randolph G.

South Carolina

I found seascape capital doing a search for mortgage note buyers and after getting numerous offers from other companies I decided on seascape capital. Alan contacted me quickly and was able to put together an offer higher than the competitors. He helped me every step of the way; answering numerous questions and giving me clear and concise information and directions. Alan made the entire process quick and easy. We had the deal complete much quicker than I thought it would take and I am very pleased with the outcome. I would highly recommend Alan Noblitt and seascape capital and would definitely use them again.

Tiffany H.

Hawaii

“Thank you so much for handling the sale of our note. You kept us informed every step of the way. You handled the difficulties very well, and everyone was happy in the end. I will be happy to refer you to my friends. You were really professional.”

Jan S.

California

First time having to sell a note, and dealing with Alan was easy and smooth. I felt he was honest, upfront and took the time to answer my questions and address my concerns. Took less than 3 weeks from starting the process to close! Would welcome an opportunity to do business with Alan and SeaScape in the future.

Jeff H.

Texas

“The entire process was much quicker and easier than I expected. Everything happened just the way that you said it
would, and I thank you so much for all of your time and efforts.”

Darlene M.

Georgia

“You’ve been a pleasure to work with, and I appreciate your integrity and frequent communications.”

Frank H.

Arizona

I had the pleasure of working with Mr. Alan Noblitt at Seascape Capital. He was sincere and laid my doubts at ease. He listened to me and answered lots of questions. I am thankful for his honesty, patience and guidance. I highly recommend Seascape Capital and Mr. Alan Noblitt.

Ardell H.

New Mexico

Excellent company and very easy to work with. They made the transaction very smooth and easy. They answered every question and made everything safe and secure throughout the entire transaction. We would highly recommend Sea Scape for selling your personal note. They are comfortable and trustworthy to deal with. Another very satisfied customer! Bravo Alan.

Mike S.

Florida

We feel extremely fortunate that we contacted Alan regarding our land contracts. Not only were his quotes the highest – he handled the transactions with professionalism, patience, and integrity. We were able to maximize the return to our estate, and did so quickly and securely. We would not hesitate to recommend Alan to anyone needing to sell their notes.

Steve and Victoria Y.

Arkansas

My experience with Seascape Capital could not have been better! This was a new experience for me and Alan N guided me through the process with ease. I had my money in 4 weeks from start to finish. Thank you Alan. It was a pleasure dealing with you.

Julia J.

Florida

I want to commend Alan N for his excellent service & attention to detail in the selling of my note. While it was a rocky road to completion, and I was, at times, a basket case, he was unfailingly positive & exceedingly pleasant at every step of the way. And he got me an excellent price, as well.

Sharon B.

Florida

What can I say about Alan Noblitt and his top notch company, Seascape Capital,that has not already been said?, Only that he is brilliant in his knowledge of note purchasing and all that entails. I was a little skittish at first and a total novice when I reached out to Alan. I now know that God led me to Seascape Capital. He soon won my confidence,respect and trust. He made me feel like I was his only client. He answered all my questions and always kept his word to me. In the end, Alan did a SUPERB job for me. In my opinion, Alan is the epitome of integrity!! A true gentleman; but a scholar, too! What he accomplished on my behalf, has already changed my life! He, in his humble manner, will say it is just his job. But God and I know it is his” calling” to help others. In sincere and deep appreciation to Alan.

Linda Lee E.

Texas

Working with Alan from my initial contact (just a few weeks ago) to funding (today) has been an absolute pleasure. I think the key words for Alan must be integrity and professionalism. Throughout the process, Alan has been completely consistent, honest, and professional. The results – a smooth transaction exactly as promised – speak for themselves. Thanks Alan!

Pavel B.

Georgia

Doing business with Alan was a successful experience. He is diligent, responsive and does a nice job following up through the conclusion of the deal. Thanks Again.

Rick H.

Idaho

Alan was a real pleasure to work with! It was part of my duties as Personal Representative for my late father’s estate to liquidate a plot of farmland. I was a total novice at doing this, but Alan was a huge help in walking me through the process. His communication was always prompt, and he was patient when there were hiccups that slowed the process down. I would be happy to work with him again.

Ben A

Minnesota

Alan was a true professional throughout the entire process of selling my note. He kept me highly informed during the entire process and delivered exactly what was quoted to me. I highly recommend using Seascaoe Capital if you are looking to sell your note. Jarrett

Jarrett A.

Texas

Alan and the Seascape team did an excellent job working with me on my business note. I was able to get the capital I needed in a timely fashion. I will be working with them again with notes in the future.

Nick W.

South Carolina

What I thought would be a long and arduous process actually went quickly and smoothly. Hats off to Alan our representative. He handled all of our questions and moved things along in a timely and very professional manner. I can do no less than give Alan . and Seascape Capital, my highest recommendation.

Brent B.

Texas

I wanted to thank you so much for the time and effort it took to sell my notes after I lost all the files for them. I felt that your price was generous and you honored our agreement, although there were quite a few challenges along the way, as we rounded up the necessary documents. I appreciated the quality buyers you found; I think they will treat my people with fairness and kindness. I think you sold the notes for a higher price than I would have been able to, because of your professional presence and experience. I felt that I could trust you from the first, and you proved me right. You did everything you said you would and it was just a great adventure to work with you. I look forward to selling the next note and I hope we can stay in touch so I can learn how to assemble the right documents as the note is curing. Please let me know when it’s time to sell! I have friends and family who would like to sell their notes too. You’ll be hearing from all of us.

What an outstanding experience. Thank you so much!

Laura A.

Texas

Alan was very knowledgeable and a joy to work with. He was able to explain the process in simple terms and I was able to use that explanation to help formulate questions for other note buyers. I felt confident in using Seascape Capital based on Alan superior knowledge. Most importantly, the price provided at the beginning was the same price I received at closing. I would use Seascape Capital again in the future.

Paul C.

Florida

I wanted to sell a note from another state, and I wanted the security of a title company involved with our transaction. Alan arranged the whole thing himself, and kept us informed continually of his progress. He is friendly, polite and patient, answering all of my questions clearly. I am thankful that I chose Alan, and I will recommend him whenever I get the chance!

Joan K.

California

Alan absolutely has the best customer service abilities. I was unfamiliar with the process and Alan took me carefully through the steps and answered all my questions. He was indeed a very patient representative. His response to emails was always quick and was always available when called. If there were 10 star ratings I would give him 12. One the most professional person I have ever dealt with. Thank you Alan.

William W.

Tennessee

When shopping around our note sale, Seascape Capital gave us the best, no fuss offer. Alan is fantastic to work! Even his competitors praised him. Through what I thought would be a difficult process, it was a breeze. The communication, service, professionalism, responsiveness and price could not be beat. Even when we hit a roadblock, at no fault of Seascape, they helped us come to a quick resolution. Alan and Seascape will be our top pick for any other note sales in the future, we give them our highest recommendation!

Erin U.

California

Thank you soooooo much! The transaction went smooth, just like you said it would when we first started talking about the note.
Mom received her funds and is happy as ever! Thanks again, we appreciate you! It’s good to know there are still a few people like you around!

Abe H.

California

Alan and Seascape Captial Inc. have been a real pleasure to work with. Alan does what it takes to get the job done!. He kept me informed and updated every step of the way, his customer service is beyond words. I would highly recommend Seascape Captial Inc.

Bridget H.

North Carolina

What a breath of fresh air to do business with someone who epitomizes the word integrity. Alan made this process so easy and stress free. Alan always kept me informed and showed the patience to answer any questions I had. Alan truly cares for his customers and their needs which sets him apart in his industry. Thank you again!!

Jacque G.

Washington

We just completed a rather tough and lengthy mortgage note sale and I have to say Alan was so very helpful and very patient throughout the process. I appreciated his continued communication, knowledge and professionalism.

Jeanette P.

Oregon

Alan was amazing to work with. He kept me up to date every step of the way. There were a few small bumps but he went the extra mile to make the rest of the way smooth. Alan and his team are very professional and easy to work with. I highly recommend working with Alan again in the future. Thanks again Alan for all your efforts and hard work to complete the sale of my note.

Adam F.

Minnesota

Just finished the sale of our mortgage note with Alan at Seascape Capital and would like to thank him. Alan kept us updated on every step of the process. If we had any concern he made sure we understood. Thanks again Alan, was great working with you. So if you want to sell your mortgage I highly recommend Alan.

Sally & Robert D.

Texas

Very professional and truly cares highly recommend them and hope to do business with them again!!

David W.

Washington

My wife and I had a mortgage note we wanted to sell and contacted Alan at Seascape Capital. Everything went flawless. Communication was excellent at all times. Our closing was done earlier than what we expected. A traveling notary came to our home exactly on time and within minutes we signed all the documents necessary. You can trust Seascape Capital to do right thing for you. Thank you Alan! JM

Julio M.

Florida

I just want to personally thank you for all of you help throughout this process. At times I really had a difficult time understanding all of the information coming at me and you were always there to walk me though everything, and I truly appreciate it.

Enrique Y.

Florida

After deciding to sell my mortgage note, I requested quotes from several buyers and not one of them could beat Alan’s very generous offer. It was far more than I ever expected. Alan was extremely courteous and professional. He responded to my questions quickly and honestly. I made the decision to save time by not using escrow and received the money on time just as Alan said I would. I could not have asked for a better experience and highly recommend Seascape Capital.

Gayle T.

Oregon

Even though we had a little hiccup, this was a very pleasant experience. I will not use anyone else in the future. They were excellent!

Shelly B.

Texas

Very courteous and expedited professional service. Alan was exceptional in assisting me in completing all my paperwork and walked me thru each step with knowledgeable information. I strongly recommend Seascape Capital for all your investment needs.

James B.

California

Paul C.

Florida

Wonderful working with Alan to sell a note! Seascape capital had the most reasonable offer for our note out of any we received. Professional, kind, responsive and the overall process was very smooth. Definitely looking forward to doing more business with Alan/Seascape Capital in the future!! Very appreciative of the quality of service we received.

Shireen O.

Texas

Joan K.

California

My experience with Seascape Capital was a positive one. Alan was very helpful and stayed on top of the entire transaction. I would definitely use them again.

Bill K.

Florida

Although I spoke with several other notes buyers, dealing with you was the best experience as well as the best offer. Everyone involved was helpful and we were pleased with the process and closing.

Thank you for all your help as well as patience. Know that I would be pleased to recommend your services to anyone should the occasion arise.

Bob L.

Texas

I would recommend Seascape Capital to anyone who is interested in selling a note. Alan was very professional and guided us through the process. We are pleased with the outcome.

Dana B.

Texas

I had a very smooth transaction proccess thanks to Alan’s patients and proffesionalism.

Jose R

Texas

How a Note Buyer Values A Note

A nationwide mortgage note buyer will give its highest prices when the property is an owner-occupied house or building, the payer has great credit, the property has at least 20% equity, all payments have been received on time, the interest rate is above market, and the term of the note is less than twenty years. A business note buyer will also care about the profitability of a business, how long it has been around, and the least terms.

Placing a value on any type of note has levels of both objectivity and subjectivity, and various note investors will offer different prices on the same note. The most critical components for most mortgage note buyers are:

Type and condition of collateral (property or business)
Amount of equity, which consists of the down payment, monthly payments that have been made, and any increase in market value
Payer credit, as a higher credit score and a personal guarantee will usually mean a higher offer price for the note
Terms of the note, such as the interest rate and the length of the note term, play into the calculation of a price

Should I Keep or Sell My
Mortgage Note?

As a person who owns a mortgage note, you are already familiar with the benefits of having a note. There are advantages to receiving regular (and hopefully) on-time payments coming in on at regular intervals and at a good interest rate. If you have the time to manage the mortgage note and have plenty of cash in reserves, you may like having that note. However, there are also numerous risks associated with carrying a note. What happens if the buyer loses their job or goes through a divorce and stops making payments?

Is the buyer staying current on property taxes and insurance, as well as maintaining the property? Will the buyer still be able to make the payments in 5-10 years? If the buyer defaults, are you prepared to spend thousands of dollars and wait many months going through the foreclosure process? If you are considering selling your note, call a nationwide direct mortgage note buyer like Seascape Capital to understand the best options. You may decide to sell just some of the payments rather than the full note, but get informed first so that you can make the best decision for yourself.

What Is A Business Note?

A business note shares some commonalities with a mortgage note but also differs in important ways. A business note is considered to be riskier than a mortgage note in most cases. With a mortgage note, the note holder has the option to foreclose on a property and take it back if there is a default. A default is more complicated with a business note. While a note holder can take back a business from the payer, the customer records and goodwill may be gone, the equipment may not be usable, or the note holder may have since moved on with life and no longer have the time or inclination to run the company.

Because of the higher risk, business note buyers will require a higher rate of return on a business note. This means that the discount will be bigger, so the note holder will receive less money than with an equivalent mortgage note.