Sell Your Note to a Trusted Nevada 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!
Nevada is home to some of the most active real estate markets in the country, from Las Vegas and Henderson to Reno and surrounding areas. Across the state, many properties have been sold using owner financing rather than traditional bank loans. When that happens, a mortgage note is created—and a Nevada note buyer like Seascape Capital can step in to purchase that note from the seller.
Let’s review the basics. An owner-financed transaction occurs when a property seller allows the buyer to make payments over time instead of using a bank. A mortgage note documents the terms of that agreement, including the loan amount, interest rate, payment schedule, and maturity date. Payments are typically made monthly until the balance is paid off. Strong notes are usually secured by well-maintained properties and buyers who made meaningful down payments and have reliable payment history.
Risks of Holding a Note
The person who sold the property is known as the note holder and has the option to keep collecting payments. However, holding a note does come with risks, including:
- Late or missed payments
- Buyer default, which may lead to foreclosure
- Property damage or decline in value
- Staying current on property taxes and insurance
These risks lead many note holders to consider selling their note instead.
Selling a Note in Nevada
Rather than holding the note long-term, a seller may choose to sell all or part of it for a lump sum of cash. A reputable Nevada note buying company can explain your options and help you decide what works best for your situation.
For example, if you hold a $100,000 note at a fixed interest rate, you may have the option to sell the entire note or just a portion of the remaining payments. The right choice depends on how much cash you need now versus how much future income you want to keep.
What to Expect When Selling Your Note
If you decide to move forward, the process generally looks like this:
- Contact two or three note buyers and choose one with experience, proper licensing, and a strong BBB rating
- Receive a written offer and provide basic documentation
- The note buyer reviews the payer’s credit and the note terms
- A drive-by appraisal is ordered and paid for by the buyer
- A title review confirms taxes and lien status
- Assignment documents are prepared and signed
- Funds are wired or sent within a few business days
Seascape Capital is a nationwide mortgage note buyer based in Phoenix, Arizona. We are fully licensed in California and maintain an A+ rating with the Better Business Bureau. We work with note holders across Nevada, helping them convert future payments into immediate liquidity with a clear, straightforward process.
