Simply complete our easy on-line form to obtain a quote on the trust deed, mortgage note or other real estate note that you want to sell. We will evaluate your note and give you a quote within a very short time.

If you have other types of notes or future income that you would like to sell you can contact us here for more information.

If you need money for a dream vacation, retirement, wedding, college tuition, renovations, investment or business opportunity or to pay-off high interest credit card debt, selling your real estate note may be the solution to your problem.

Through our large network of real estate note investors we can offer you the highest price on trust deeds and mortgage notes. Although most of the notes that we buy are secured by residential or commercial real estate, we also buy notes on mobile homes as well.

Your note is valuable and we want to buy it. We you are ready to sell, we will make every effort to get your money to you as quickly as possible.

Real Estate Notes, Mortgage Notes and Trust Deeds (Deeds of Trust)

Whether it is referred to as a real estate note, mortgage note, trust deed or deed of trust, they are basically all cash flow notes and buyers will pay cash for these notes. Investors buy and sell these real estate notes like any other commodity. An the fact that they are secure make them valuable investments.

Trust Deed (Deed of Trust)

A Trust Deed is a debt secured by property that is held conditionally by a trustee in trust until such time as the borrower has repaid the debt to the lender or note holder. The borrower transfers conditional title of the property to an independent third party known as a trustee.

The trustee holds title to the property on behalf of the note holder. The trustee exercises the power to recover the Deed of Trust (Trust Deed) once the borrower has met all the obligations of the note and repaid the debt in full or foreclose on the property should the borrower default on the note.

In the case of foreclosure the property is usually sold to a third party and the proceeds of the sale usually satisfy the debt. If the note holder is unable to recover the amount of his investment through the sale, he may assume title of the property.

Mortgage Note

A Mortgage note is a loan used to finance the purchase of real estate. The mortgage note usually specifies the payment periods and interest rates and the borrower (mortgagor) gives the lender (mortgagee) a lien on the property as security for the loan.

The lien is a legal claim against the property and is used to secure the note. When the property is sold, the lien must be paid.

Depending on how the lien is structured, in some cases the creditor will have legal claim against the asset and in other cases he may actually hold it in possession.

Foreclosure

A foreclosure is a legal process by which an owner's right to a property is terminated. The foreclosure proceedings are usually but not necessarily initiated due to the borrower defaulting on a debt. It usually involves a forced sale of the property to a third party at auction, with the proceeds being applied to the mortgage debt.

Judicial Foreclosure vs. Non-Judicial Foreclosure

A judicial foreclosure is one that results from a court action whereas a non-judicial foreclosure is results from the power of sale given to a trustee. Judicial foreclosures occur when a deed of trust (trust deed) or mortgage note does not have a power of sale clause. The note holder is thus compelled to take the borrower to court in order to satisfy the debt.

When a deed of trust (trust deed) or mortgage note contains a power of sale clause, there is not need to involve the courts in the sale of the property.

Home Equity Loan

Home equity is the difference between the current market value of a home and the outstanding mortgage balance. Home equity is essentially the amount of ownership that has been built up by the holder of the mortgage through payments and appreciation.

Typically, residential property is bought through a mortgage, which is then paid off over a number of years, often 15 or 30. After the mortgage has been fully repaid, the property then belongs to the buyer. In the interim however, the buyer simply builds up equity in the home. This is what a home equity loan borrows against.

Although that equity cannot be sold, banks will lend money against it. Home equity loans offer significant tax savings due to the fact that the interest paid on a home equity loan is tax-deductible. Home equity loans are often used to consolidate other debt with high interest rates (like credit card debt), to finance large expenses or purchase other costly items.

There are two main types of home equity loans. The first type is the traditional home equity loan, also known as the second mortgage, which lends out a lump sum of money that must be repaid over a fixed period.

The second type is the home equity line of credit, which provides the borrower with a checkbook or a credit card that is used to borrow funds against the home equity. Funds borrowed from a traditional home equity loan start accruing interest immediately after the lump sum is disbursed; funds borrowed from a home equity line of credit do not begin accruing interest until a purchase is made against the equity.

Definitions

Broker
Deed
Deeds of Trust
First Mortgage
Foreclosure
Home Equity
Land Contract
Mortgage Lien
Note
Real Estate
Second Mortgage
Secured Loan
Trustee

Broker

An individual or firm which acts as an intermediary between a buyer and seller, usually charging a commission for his services. (USTrustDeed.com is not a broker)

Deed

A legal document conveying title to a property.

Deeds of Trust

The document used in some states instead of a mortgage. Title is conveyed to a trustee rather than to the borrower.

First Mortgage

The mortgage note that has first claim in the event of a default on the debt.

Foreclosure

The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.

Home Equity

Home Equity is the difference between the current market value of a home and all outstanding mortgage balances.

Land Contract

Installment contract drawn between a buyer and a seller for the sale of property, in which ownership of the property is not transferred until all the payments have been made.

Mortgage Lien

A legal claim against a mortgaged property, which must be paid when the property is sold.

Note

A legal document that obligates a borrower to repay a mortgage loan at a specified interest rate during a specified period of time or on demand; here also called promissory note.

Real Estate

A piece of land, including the air above it and the ground below it, and any buildings or structures on it also called realty.

Second Mortgage

A mortgage on real estate which has already been pledged as collateral for an earlier mortgage. The second mortgage carries rights which are subordinate to those of the first.

Secured Loan

A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be forfeited to the lender if the borrower fails to make the necessary payments.

Trustee

An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all trust-related decisions with the best interests of the trustee in mind, and may be liable for damages in the failure to do so. Trustees may be entitled to a payment for their services, if specified in the deed of trust (trust deed).