Understanding the Private Mortgage Note Buying Process
At Foray Investment Group, LLC, our mission is to empower anyone involved in the real estate note space — from investors seeking steady cash flow, to noteholders looking for fast liquidity, to professionals nav
Selling your private mortgage note can be a smart, stress-free way to turn future payments into immediate cash — especially when life, opportunities, or financial needs can’t wait. Below is a clear, step-by-step outline of how the process works and what to expect every step of the way.
1. Initial Conversation and Information Gathering
Everything begins with a simple phone call or online form. You’ll share the basics — property address, original loan amount, current balance, payment history, and borrower details. This helps us understand your unique situation and design a cash offer that meets your goals.
2. Document Review and Preliminary Valuation
We review the key documents: promissory note, deed of trust or mortgage, and payment records. Using industry-standard valuation tools and comparable market data, we estimate the fair market value of your note. Factors like credit profile, property value, payment performance, and remaining term all shape your offer.
Typical timeframe: 24–48 hours for an initial quote.
3. Due Diligence and Verification
If you decide to move forward, we’ll request copies of your supporting documents for verification. During this stage, we confirm payment histories, verify insurance and taxes are current, and may order a property value review or drive-by inspection through a licensed third party. This ensures transparency and protects both seller and buyer.
4. Final Offer and Agreement
Once all verifications are complete, you’ll receive a formal written purchase agreement detailing the price, terms, and closing steps. You’re encouraged to review it carefully — and we’re happy to answer every question until you feel completely comfortable moving forward.
5. Closing and Funding
Closings are typically handled by a neutral title or escrow company in your state. They’ll prepare final documents, collect signatures, and record the necessary transfers. Once everything is complete, funds are wired directly to your account. The entire process normally takes between 2 and 4 weeks on average.
6. After the Sale
You’ll receive confirmation that your note has been fully transferred, and you can move forward with peace of mind knowing you’ve unlocked your equity quickly and securely.
In short: We keep the process simple, transparent, and respectful. No pressure. No confusion. Just clear communication, a fair price, and a fast closing — so you can get the cash you need, when you need it.