I want to sell a note

[Sandra Hughes]

Hi - I've been holding a note for a friend for 7 years now. Ready to move on. What are some companies that buy these loans? I have gotten letters from companies in the past but threw them away. 

[Mark F.]

I'm going to assume the obvious that it is tied to a home, land, commercial building, etc.? If so, paperstac.com is quite popular these days. If not there, there's a few FB note investor groups where you could post it and someone maybe interested. I would say if you do post it be as detailed as possible minus borrower info re: what's the collateral exactly (estimated value, condition, etc), outstanding balance, state where it's held, terms, performing or non, 1st or 2nd position, payment amount and what you're asking price wise.

[Eddie Fernandez]

Quote from @Sandra Hughes:

Hi - I've been holding a note for a friend for 7 years now. Ready to move on. What are some companies that buy these loans? I have gotten letters from companies in the past but threw them away.

 What are the specifics of the loan?

Is it a house, Apt?

Original loan amount?

Unpaid Balance?

Interest rate?

Term?

Does it have a good payment history (performing) or bad (non performing)

Address?

Thanks

[Jamie Bateman]

One option is to list your note on a site like Paperstac. We also buy notes (and currently have a tape of 8 for sale).

[Sandra Hughes]

Thanks for the answers. I will get the info on this loan for Alfonso later today. 

[Eddie Fernandez]

Quote from @Sandra Hughes:

Thanks for the answers. I will get the info on this loan for Alfonso later today. 

Please send the specifics of the loan I mentioned above to me directly when you have time . Thanks 

[Chris Seveney]

Quote from @Sandra Hughes:

Hi - I've been holding a note for a friend for 7 years now. Ready to move on. What are some companies that buy these loans? I have gotten letters from companies in the past but threw them away. 

 I would recommend listing it on paperstac as well and see what people will offer. some important questions will be is it perfomring? do you have a pay history, is it being serviced by anyone but yourself. The answers to these can have a significant impact on the pricing