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FAQ - Selling and
Buying Notes
Mortgage Notes - Deeds of Trust
Your questions not covered here? Try the RAM
Mortgage Note Definitions
page or the Note Purchase Options
page! If those do not answer your questions, please use our
Online Question Form
or call us at 1-800-397-3893.
Note Buyers - Real
Estate Note Buyers - Mortgage Note Buyers...
Our
firm buys seller-held mortgages, trust deeds and land contracts both
purchase money and hard money mortgages all over the country. Some people
use the terms real estate note, real estate notes, promissory notes, or even
privately held notes but rest assured all the terms refer to the same type
of transaction. We are licensed brokers, members of the Florida Association
of Mortgage Brokers and the National Association of Mortgage Brokers. We
have been buying seller held notes for decades. We consider ourselves
experts in our field and have been awarded consistently over the past few
years for being one of the top 5 discount mortgage brokers in the entire
country. We are also one of the very few that are licensed.
If you have sold your
home or investment property via owner carry back financing or seller
financing and are now receiving payments on that note, we can cash you out
in as little as 10-15 working days. As an experienced deed of trust buyer
and national mortgage note buyer, we will quickly evaluate your cash flow
and provide you with the highest possible quote and lump sum cash payout.
Mortgage Note
Buyers buying Notes Nationwide!
We pay top dollar for real estate notes nationwide!
Why Should I sell my note?
There are numerous reasons why people sell their mortgage notes to RAM
Funding. Tired of collecting
late payments, insurance liabilities, possibility of foreclosure? Others sell
their mortgage note, trust deed or land contract for personal reasons such as to buy a new home, car or boat, pay off debt, to
use for investments, pay tuitions, pay medical bills or to travel. Many have
just grown tired of collecting the payments. Return
How much will I get
when you buy my note?
RAM Funding Services is generally one of the highest payors for mortgage
notes, trust deeds and land contracts. A number of factors help us
determine the value of your note. We take the following into consideration
when pricing: Sales Price, Down Payment Amount, Interest Rate, Credit of the
payor, Value and Condition of the property and Pay History.
Return
How much are my "out-of-pocket expenses"?
Generally, when selling your mortgage note, land contract or trust deed to
RAM Funding you will have NO out of pocket expenses! RAM Funding will pay for the title insurance,
appraisal and recording fees. We do not, however, pay for past due property
taxes. Return
When I sell my note, how will I be paid and where is the closing?
Your funds will be disbursed to you either by certified check from the
closing/escrow agent or, if you choose, they can be wired directly to your bank
account. The closing can be done via overnight mail or in person at a title
agency of your choice.
Return
How long does it take to
sell my mortgage note?
In most cases the process to sell your note is complete in 2-4 weeks. Much of this depends on
how quickly we
receive copies of documents we need from you. Return
What types of notes do you purchase and where?
RAM Funding Services will purchase Mortgages, Deeds of Trust and Land Contracts on most property
types secured
by real estate - including - residential, multi-family and commercial. We
purchase nationwide. Return
What information do I need to provide you with and how quickly will I receive
my quote?
We will need to know: Property type, Sales Price, Amount of Down Payment,
Mortgage Amount, Interest Rate, Property Address and information regarding
the payor. Once you have provided RAM Funding with this information we will get back
to you promptly with a no obligation quote. We have designed our
downloadable PDF
Note Quote Form
to be used as a convenient worksheet to collect the
needed data for your convenience. Return
Ready for your FREE quote?
Residential Note Buyers Quote *
Commercial Note
Buyers Quote *
Trust Deed Buyers Quote *
Privately Held Mortgage Quote
* Land Contract Buyers Quote *
Promissory
Note Quote
Top of Note Buyer FAQ Page
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