Texas' Trusted Note Buyers - Getting Top Dollar On A Note

Texas' Most Trusted Note Buyers

Enter Your Information for a FAST, FREE, NO-Obligation assessment on your note.

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 of the expenses, so the price is net to you.

Choosing The Best Note Buyer

Here are several things to consider when selecting the right Texas mortgage note buyer (also known as a deed of trust buyer, promissory note buyer, or real estate note buyer):

Experience – Has the company or individual been working in the Texas mortgage note buying business full time for at least five years, and do they seem to know what they are talking about?
Real Estate Licensing – Although this is not legally required in most states, a licensed individual is more likely to be professional and competent.
Better Business Bureau accreditation or similar – This demonstrates a higher level of integrity and customer satisfaction. Seascape Capital has an A+ rating from the BBB, and has never had a complaint filed.
No History of Scams – Do an Internet search on the company, as well as consulting “rip-off reporting” websites to make sure that the company is not listed negatively on those types of sites.
Trust your gut feeling on whether the individual is trustworthy and likely to put your interests first.

Let me introduce myself…

My name is Alan Noblitt and I have over 30 years of financial experience that I put to work for every person I talk with. My success has been driven by helping people wanting to gain the financial freedom they desire through a mortgage note solution that helps them.

I have found that people basically want two things when it comes to their financial situation. First, they want to eliminate or at the very least reduce debt and burdens that are creating stressors for them. Second, they are looking for a way to not only gain more wealth but a way to use that wealth to positively impact their long term financial situation. They might choose to use the money received from selling a note to buy a business or make other investments.

While there are certainly a large number of Texas mortgage note buyers and note brokers across the U.S., a small subset of them has the competence, experience, honesty, and financial capability to be able to serve you well. Above, you can see items to consider in finding a great mortgage note buyer who will be the best choice for your deed of trust note, as well as how to get started.

How It Works

When you have decided to sell your note, you would provide to the potential note buyer detailed information about the property and the financials. Within one business day, the note buyer will provide you with one or more offers to buy your note. Assuming that you like the offer, you would be asked to provide copies of various documents and other information. The note buying company would quickly review the documents, order a drive-by appraisal, and do a title search. Upon completion of that process, the note buyer would send you closing documents that you would sign and return, and you should expect to receive your money either the next day or within a few business days.

A note buyer, whether in Texas, Florida, Wyoming, or any other state, makes money by receiving the regular payments of principal and interest from the new property owner. The profits come from the interest rate written in the note and the difference between the note balance and how much the note buyer actually paid for the note (called the discounted price). Of course, the buyer of the note pays a large amount of money upfront, so does not enjoy real profits for some period of time.

The biggest risk for the buyer of the promissory note is if the borrower stops making payments. This is an especially large issue if the market has declined or if the property has sustained significant damage. In those situations, the buyers could lose money on the note, as repair and foreclosure costs can be quite high.

Should I Sell My Note?

If you sold a property in Texas and are now carrying a promissory note, you may have heard about the possibility of selling your note to one of a multitude of Texas mortgage note buyers. Above, we discussed finding a great note buyer who will be the best choice for you.

But first, let’s back up a bit. If you have a strong real estate note on a good property, why would you want to sell it to one of the aforementioned Texas mortgage note buyers? Well, maybe you don’t. If you expect the property buyer to always pay well, you do not have a need for a lump sum of cash anytime soon, have enough free time to make sure that property taxes and insurance are current, and are comfortable with handling the issues if there is a default and need for foreclosure, then you may want to hold on to the note for now. You always have the option of selling it later as long as the payments continue to come in on time.

Perhaps you have decided that you do want to sell the real estate note, or at least check into it further. You may have never really wanted to offer owner financing in the first place or no longer wish to spend the required time babysitting the note. Whatever the reason, you will want to find a Texas note buyer that you can trust and that will give you the best price.

Please give Seascape Capital a call. You won’t find another note buyer with more experience, better competence, a higher caliber of service, and better reviews on the Better Bureau site and on the top search engine. Even if you are not certain about whether you want to sell your note, we would be happy to answer any questions that you might have. If you do want to sell a note, you can expect a high, fair price, and responsiveness that is unmatched.

TESTIMONIALS

Robert V.

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.

Donna E.