The Most Trusted Oregon Note Buyer

Sell Your Note To Oregon's
Top Note Buyer

We will ask you to provide information about the note and the property, as well as request a copy of the note. If the price is acceptable to you, we begin our due diligence process. We pay for all the expenses, so the price is net to you!

While Oregon deed of trust note buyers (those companies that buy notes on properties in Oregon) have much in common with those in other states, the housing market and legal framework can vary by state.  Oregon housing markets have generally been less volatile than those of their southern neighbors in California and Arizona, though Oregon note buyers and note holders must still be aware of changing economic conditions that can affect housing.  Just like those in other states, Oregon note buyers will still seek out the best quality real estate notes with the least amount of risk, which usually means an attractive house or building in which a creditworthy payer put in a reasonably large down payment. 

 Real estate notes – also called mortgage notes, purchase money mortgages, or deed of trust notes – are created when a property owner sells that property using owner financing and “carries back” a note.  That real estate note shows all of the terms that have been agreed upon, like the interest rate, payment amount, conditions for default, etc., and is signed by the payer.  While Oregon note buyers might prefer to buy a note on a residential property (including mobile homes) or commercial property, most will also consider buying a note on land if it is in a marketable area with other houses nearby.  If the note is considered quite risky, the buyer of the note might offer to just buy part of the note, meaning purchasing a certain number of payments instead of the full note.  More information on these “partials” is shown below.

Should I Sell My Note?
Now that you have sold your Oregon property with owner financing and are holding a mortgage note, you might consider whether to sell that note to an Oregon note buyer.  Your first question is whether to hold on to the note or sell it.

If you have a good real estate note and a marketable property, you have options.  If you are confident that the buyer of the property will always make on-time payments, you don’t have a pressing need for cash, you have enough free time to make sure that taxes and insurance are current, and you are comfortable holding the note, then you should probably keep the note for now.  As long as the payments are kept current, you can probably sell the note later.

Once you decide that you want to sell the mortgage note or are at least considering going that route, we can help you.  Perhaps you were never thrilled with holding an owner financed note or are now tired of managing it.  Whatever the reason, you’ll want to first find a note buyer that is established in the industry, that can give you a great price, and that you can trust.  Once you and that note buyer have spoken and agreed on a sale price, you would move to the next phase.

The Process
The following steps are normally followed in the sale of a note:

  1. The note holder and note buyer agree on a price after the latter has gained on understanding of the property and financials.
  2. The mortgage note buyer checks the credit of the payer
  3. The note holder send copies of the relevant documents to the buyer, including an agreement provided by the buyer showing the terms of the sale
  4. The note buyer reviews the documents, orders a drive-by appraisal, and requests a lien search by a local title company
  5. If everything above checks out, the buyer prepares assignment documents and sends them to the note holder
  6. The note holder signs the documents, and send them back along with the original note and original deed of trust
  7. The buyer records the assignment with the county and wires the funds to the note holder
  8. The buyer of the note will then inform the note payer of the new address for which to send payments, as well as contact the insurance company about the change.

Selling Part of Your Note
It is easy to understand the selling of a  full note, even with the discount that is involved.  Most people who call us at Seascape Capital are not aware of how partials work and may even be a little suspicious about them. However, partials are a perfectly legal and ethical way to sell notes, and usually work out better for both the original note holder and the buyer.  Alan Noblitt, the owner of Seascape Capital, has posted a 2-minute video about how partials work, which you can find at https://www.youtube.com/watch?v=Q08PEQeRpNc.  In that short video, he talks about what is a partial, advantages and disadvantages of using it, and what happens if the note does not go to term.

Seascape Capital, LLC is a top nationwide note buyer and well-known Oregon mortgage note buyer.  Call Seascape Capital today for more information on how to sell your mortgage note at 1-858-208-7776 or fill out our mortgage application to sell your note.


Scroll to Top
Skip to content