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Updated almost 8 years ago,

User Stats

31
Posts
3
Votes
Ryan Herald
  • Investor
  • Knoxville, TN
3
Votes |
31
Posts

Where to sell a mortgage note?

Ryan Herald
  • Investor
  • Knoxville, TN
Posted

I have a performing note that I am willing to sale discounted, I do not know where though.  I looked at the BP marketplace, but that forum doesn't really look made for this. I have looked online, but I am not sure how trustworthy the places I have found are. What do you use to buy or sell from? Thank you.

Info on the loan: 45k still owed at 5% and ten years remaining with a property that has a value of around 70k. The note has been performing without issue for the last year and a half to two years, so I hope it has seasoned well enough. I would like to get 38k cash for it. Would that be reasonable?

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