What We Buy
If you own a private mortgage note, you’re likely receiving a steady stream of income each month. Sometimes, however, it pays to convert that stream of income into a lump sum of cash to pursue time-sensitive investments or diversify your assets. Whatever your reason for selling, Deed Street Capital can help you unlock the liquid value of your mortgage note.
As a nationwide purchaser of privately held notes and other assets, we have deep knowledge of these valuable assets and can help you sell as quickly as possible. If you’re interested in selling a deed, title, note, or other unique assets with a value of between $25,000 and $3 million, Deed Street Capital can help.
Deeds, Titles, Notes, Contracts & Liens
The average consumer may find mortgage notes and other valuable assets such as deeds, titles, contracts, and liens a bit mysterious. If you are unsure of which type of asset you own, here’s a handy breakdown that explains the differences and unique characteristics of each.
A deed is a physical, legal document that indicates the transfer of property from a seller to a buyer. The deed names the buyer and the seller explicitly and includes a complete description of the property. A deed also indicates that there are no liens attached to the property.
Deeds
The title includes a bundle of rights related to ownership of a specific property, including the right to sell. The title may not be a physical document, but it is intrinsically linked to the deed of sale.
Title
A note is a legal document tied to a private real estate transaction. A note establishes that the property owner or buyer will pay a certain amount to the seller each month until the price of the property, plus interest, has been settled. Notes are commonly used instead of obtaining a loan. Notes are one of the most common private loan documents bought and sold.
Notes
Property liens are specific legal claims against a property granted by the court. Usually, property liens exist because the property owner failed to pay their debts. Also, liens are generally a matter of public record.
Liens
What types of assets does Deed Street purchase?
Balloon notes designate a large payment due at the end (maturity) of a loan, which will pay off the loan in full.
A contract for deed is an agreement under which the buyer will make payments on a piece of property over time. While the buyer can move onto the property immediately, the seller will retain the legal title until the buyer has paid in full.
A secured real estate transaction that involves a lender, a borrower, and a trustee. The borrower transfers real property interest to a trustee who may take control of the property of the borrower defaults.
First liens refer to the first lien that will be paid when a borrower defaults on a loan.
Deed Street will purchase either a full note or a partial note — which is a specific dollar amount or a percentage of each payment.
A percentage of the ownership of the property.
Performing notes are notes in which the borrower is making payments on time, per the mortgage terms. In the case of a non-performing note, the borrower is not meeting those terms.
A single note is a single private mortgage loan agreement.
We accept both seasoned notes — those for which borrowers have been making payments for a period of time — and those that are relatively new.
At Deed Street, we will also accept other streams of payments, including lottery winnings, structured settlements, annuities, and pensions. Our goal is to convert those payment streams into the immediate lump sum you need.
What are the assets secured by?
Generally, the assets from the loans are collateralized against specific types of property, such as:
- Apartment Buildings: multi-family properties, usually used as investments
- Condos: Both those that the buyer lives in and multi-family units or rental properties
- Commercial Properties: Properties used for commercial purposes rather than private ownership
- Land: Including both improved and unimproved land parcels
- Single-Family Residences
- Multi-Family Residences
How do I sell a mortgage note?
If you have a mortgage note —or another mortgage loan document, including a deed of trust or land contract, among others —that you would like to sell, Deed Street can help. We want you to get the lump sum you need. We’ll start with a confidential, no-obligation quote and help you sell your asset in as few as four weeks.
Don’t be restricted by the terms of your payment plan. Contact Deed Street today to learn more about our services and get advice from our team of experts.