|
| 1. What is a note? |
| Ans)
A written document that states a promise to pay and the terms which
include the amount, interest rate and length of time in which to fulfill
this promise. |
| 2. What if I want cash now instead of waiting years to get paid? |
| Ans) That’s
where I come in. We are interested in buying your note from you so
you can have the "CASH" you need. This way you don't have
to worry about late payments or non- payment any longer. |
| 3. Why do we invest in notes ? |
| Ans) We
have money sitting in a bank earning only 2% or 3%. We want monthly
payments that can earn us a better return than that. If you have monthly
payments and want cash NOW, then you and we might be a perfect match. |
| 4. How much is this going to cost me? |
| Ans) There
is no charge for getting a bid or an appraisal on your note. Please
click on "Sell Your Note" at either the top or bottom of
the webpage and fill in the requested information. We will getback
with an offer by the next business day. |
| 5. How long will it take before I get my money? |
| Ans)
We will normally have your cash for you within 3 to 4 weeks of the
day that we receive from you the documents relating to the sale of
the mobile home and creation of the note. |
| 6. How is the amount of the offer to purchase your note determined? |
| The value of your note is determined
by the answers to a number of questions. The most important answers
relate to: a. The current equity in the mobile home b. The Payor's payment history with you c. The Payor's credit score d. The number of payments that you have received so far |
| 7. Does the sale of my note affect the payor? |
| Ans) No!
As a matter of fact the sale of your note never changes any terms
of the note contract. The payor will get the same terms as the original
note contract. |
