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 the house
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.
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.
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.