ELM Capital is one of the most well-respected and respected buyers in the country of real estate notes. ELM Capital has been a trusted partner for thousands of noteholders since 2002. They have come away happy with the level of professionalism, expertise and consistent communication that they provide.
You can also call real estate notes mortgage notes, deed-of trust notes, promissory note, and a host of other terms. Although there are minor differences between them, they all work the same.
One or more real property notes might be sold to cover medical expenses, pay down credit card debt, plan to retire, start a business, or for any other reason. Some people sell their note to get rid of the hassle of keeping track of the payments and making sure that insurance and property taxes are current.
Your real estate note can be sold on almost any property, whether it is residential, commercial, or even land. Single-family houses, condos and townhouses are all examples of residential properties. Mobile homes can also be sold if they are legally attached to the land.
Selling real estate notes: Steps
1. Send us information about your property or about your real-estate note
2. Within 24 hours, we will get back to you
3. We agree on the price, process paperwork, order a drive by appraisal and get a title commitment.
4. In general, funds are wired within 24 hours of closing
5. There are no closing costs, fees, or points in the sale. The process typically takes between 3-5 weeks from start to finish.
Alan can be reached at 0-000000-000 if you have any questions or would like to know more about the process of selling your real estate note.