Turn Your Monthly Payments Into a Lump Sum
If you sold a property and carried the financing, you're holding what's called a private mortgage note — the buyer pays you monthly, usually for years. That steady income works well for some people. For others, life changes: you'd rather have cash now than payments later, you're tired of tracking payments and insurance, or you simply don't want the risk of a payor who might stop paying. That's where a note sale comes in. This page explains the basics in plain language, with no obligation and no pressure.
Tell us about your note
We'll call you back — usually the same day.
Rather talk? Call or text (541) 507-8582
What is a note sale?
A note sale means selling your right to collect the remaining payments to an investor, in exchange for a lump sum today. The property itself doesn't change hands — your payor keeps making payments exactly as before, just to the new note holder. You walk away with cash and no further involvement: no more servicing, no more year-end statements, no more wondering whether next month's payment shows up.
Full sale or partial sale
You don't have to sell the whole note. Two common structures:
- Full sale — you sell all remaining payments and are done entirely.
- Partial sale — you sell a set number of upcoming payments (say, the next five years' worth) for a smaller lump sum, and the note reverts to you afterward. Useful when you need some cash now but want income later.
Which fits better depends on your situation — something worth discussing with your own financial or tax advisor before deciding.
What affects what a note is worth
Notes sell at a discount to their remaining balance — that's how the buyer earns a return for taking on the risk and the wait. The size of the discount mostly comes down to:
- Payment history — a payor with years of on-time payments (“seasoning”) makes a note worth more.
- Down payment and equity — the more equity the payor has, the safer the note.
- Interest rate and term — higher rates and shorter remaining terms are generally more attractive.
- The property — its type, condition, and location still matter, since it secures the note.
- Documentation — a clean file (recorded deed of trust, note, payment records, insurance) makes everything smoother.
Every note is different, which is why quotes are individual — and why we never publish one-size-fits-all numbers.
How it works
How the process works
- Reach out. Call, text, chat with Rexa, or use the form — tell us the basics (property address, remaining balance, monthly payment, how long the payor has been paying).
- Free quote. We review the details and give you a written, no-obligation quote — full and partial options where it makes sense.
- You take your time. Show it to your attorney or CPA. We'll answer questions; we won't chase you.
- Simple closing. If you accept, the paperwork assigns the note, a title/escrow company handles the transfer, and you receive your lump sum. Your payor is notified to send future payments to the new holder — nothing else changes for them.
A word of honest advice
A note sale isn't right for everyone. If you rely on the monthly income and your payor is rock-solid, keeping the note may serve you better. Selling can also have tax consequences — a conversation with your CPA before accepting any offer is money well spent. We'd rather you make a fully informed decision than a fast one.
Not the original seller? We buy those notes too.
Most of this page is written for people who carried the financing on a property they sold. But notes change hands, and we're just as glad to hear from anyone holding one: a note you inherited, a note you bought from someone else, a small portfolio you'd like to thin out, or a performing note you're simply ready to be done with. Southern Oregon is home base, but for notes secured by real estate we'll look at the rest of Oregon as well. Same process, same no-pressure rules — send us the basics and we'll tell you honestly whether it's something we can help with.
Have more than one? Email help@peoplefirstllc.us with a short list and we'll reply with next steps.
FAQ
Questions note holders ask
Does my payor have to agree to the sale?
No. Notes are assignable — your payor's loan terms don't change at all; they're simply notified where to send payments.
Will this hurt my payor's credit or change their loan?
No. Their rate, payment, and terms stay exactly the same.
What documents will I need?
Typically the promissory note, the recorded deed of trust or land sale contract, payment history, and proof of the payor's insurance. Don't worry if you're missing something — we can usually work with what you have.
How long does it take?
Most note purchases close in a few weeks, depending on documentation and title work.
What does it cost me to get a quote?
Nothing. Quotes are free and carry no obligation.
Do you buy notes on properties outside the Rogue Valley?
Yes, for notes secured by Oregon real estate. We'll tell you up front if a note is outside what we can work with.
Ready when you are.
Curious what your note is worth? Call or text (541) 507-8582, chat with Rexa right here on this page, or send us the basics through the form. Free quote, no obligation, and no pressure — ever.