What is Your Note Worth?
Do you have a note you are getting monthly payments from? Or are you holding a note which you are not getting any payments from at all as the mortgagee has stopped paying for whatever reason?
The longer you hold the note (mortgage) the less interest you are receiving so your yield is going down. Yes, you are receiving a return of capital, yet it is not earning you a return. You have lost the velocity of maximizing your return.
We purchase bank and owner financed real estate notes. Could you use Cash to buy another note or use for some other reason?
What is your note worth, do you really know? Let us evaluate your note and give you a quote. We pay Cash and close quickly.