Maybe you are just ready to move on and regain control over the cash locked inside your note… and selling the remaining payments and being fully released from the burden of the administration and the concerns of late payments of even default and the legal hassles and expense of foreclosing.
Let’s say you have a second position $25k private mortgage note at 10% for 10 years with 5 years remaining and you’re receiving monthly payments of $330.38. But the borrower has been late on their payments… and even missed a few payments recently and you just don’t want to have to worry about chasing them for payments or foreclosing on the note.
You’ve already received your principal back plus some, and you’re ready to move on.
You can sell the remaining 60 payments to WW Financial Services for $13,793.82 in cash today and be completely rid of even having to think about that note or the payments being made ever again. We’ll take the note over, any collections headaches, and if the borrower stops paying… that’s our problem NOT yours.