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America’s least populous state is also one of its most beautiful.  As a Wyoming native and alumnus from the University of Wyoming, I can attest to the quality of life and the wonderful people.

Every month, a number of houses and other properties are sold using owner financing.  Each time, a deed of trust note is created.  Many note holders decide to sell a deed of trust note in Wyoming to a note buyer.


Backing up a bit, why would someone decide to buy or sell a property using owner financing?  A few reasons are:


  • Both parties (seller and buyer) wanted to close quickly without a lot of outside hassles.
  • Perhaps the seller decided that he or she wanted to have passive income every month.
  • The property may not conform to bank lending guidelines
  • The buyer might not have qualified for a loan.


There are other possibilities, but the point is that a note is being created.


Setting Up a Note

As the seller of a property, you should initially have the payer’s credit history checked out, as that will give you an idea of how well they pay their bills.  You will want to work with an attorney or title company to prepare the documents and complete the transaction.  Doing so in the early stages helps avoid later issues.


Once all of the paperwork has been completed, you are ready to start receiving payments.  When the buyer of the property has made a few payments to you, that is the time that you can decide whether you want to sell a deed of trust note in Wyoming.


Selling Your Note

Although you originally might have liked the idea of holding a note, you may decide that you would rather get all of the cash out of it now.  After all, holding a note entails risks like:


  • The payer making late payments or missing payments altogether
  • Payer not keeping up with property tax payments
  • Fire insurance not kept current
  • Deteriorating house conditions, thus making the collateral less valuable for you


When selling a note, you will want to talk with 3-4 different note buyers to understand differences in price, processes, and styles.  Choose a note buyer that is experienced, seems trustworthy, and has a high rating from the Better Business Bureau.   Once you and your preferred note buyer have agreed upon a price, the typical steps in selling your note are:


  1. The note buyer will check the payer’s credit and request copies of the transaction documents from you, the note holder
  2. Once those are received, the note buyer will review the documents and order a drive-by appraisal of the property.  The appraisal generally takes 7-10 days and is paid for by the note buyer.
  3. Next, the note buyer will order a title commitment from the title company.  This is to make sure that there are no other liens against the property.  The commitment also takes 7-10 days and is paid for by the note buyer.
  4. Once the above due diligence is complete, you will receive documents assigning your note to the note buyer.  You will sign those documents and return them along with your original note.
  5. When the note buyer receives those documents, they record the assignment with the county, and wire the agreed upon amount of funds to your account.


Seascape Capital has been in business since 2002 and has an A+ rating from the Better Business Bureau.  Seascape has been involved with the purchase of a number of Wyoming deeds of trust notes.


A hassle-free request to
Get an offer for your note

To ask questions or for a pressure-free discussionCall 1-800-634-4697