Serrano Resource Services

Are you receiving payments on a private loan? Would you rather have cash now? If you're receiving payments on any type real estate note, promissory note or private loan, we can help!

Get cash now!

 We are specialist in getting people cash for real estate notes of all kinds.

• It's Quick
• It's Easy
• It's 100% Secure
• And You Could Receive Cash in Days!                                                We have buyers who are standing by, waiting to make estimates on your note. So whether you'd like to cash out or you'd like to assist your clients in a cash out, we are here to help.

To receive a free consultation on your note, please select the "Sell Your Note" link.

  The discounted note business has been in existence since people began owning real estate. Currently there are over $350,000,000,000 in owner-financed trust deeds and mortgages nationwide.

     Many people holding "paper", as notes like this are often called,would want to sell them ,if only they knew the option exist. These notes are often created in the sale of a property when the buyer doesn't have sufficient credit or cash to pay the full price. The seller may then take a note, backed by a lien on the property ,as part of the purchase price. Of course, this puts the seller in the position of having to manage the note, which was not intended when they sold the property.

    Until recently, the real estate note industry has only been utilized by large companies and very few individuals or small companies have been able to participate.

A Real Estate note is a promise to pay or allow you to take the Real Estate!

The note states the terms in which the obligation is to be paid, such as payment amount and when the payment are to be made, the interest rate, when the note is due and to be paid in full, etc. The note may also contain additional terms and clauses. For example , one clause might state that the property may not be sold or transfered without the loan being paid off or with  the permission of the note holder. 

   The security for these  notes is provided by the pledge of the Real Estate. To accomplish this pledge in a legal way, some states use what is known as a trust deed as the primary security instrument and other  states use a mortgage contract. The major difference between these two instruments is the manner in which the property is foreclosed or taken by the note holder if the payer defaults on the term of the note.

  Although noteholders commonly have the right to obtain legal title to the property in the event of a default.

Fulfilling a Seller's Need for Cash

In some seller-financed real estate situations, the property owner may have an immediate need for more cash than is available from the scheduled principal and interest payments. This situation often comes about when the seller needs to have enough money to use as a down payment for their next real estate purchase.

In order to quickly obtain a large proportion of the money due from the loan they just created, the seller could sell the monthly note payments to a buyer for a lump sum of cash. By locating someone willing to buy the note payments, the seller will have ready cash for a down payment or any other pressing financial need.

In order to streamline the seller finance sale situation, it is advisable to have potential buyers for the newly-created cash flow at the ready. A seller can start looking for buyers before the note is created, or even before a seller-financed buyer is "lined up". This way, the property seller could have a buyer for the payment stream ready to make the purchase as soon as the new private mortgage is created.

Locating the Right Note Buyer

But what is the best method to find these note buyers? In stark contrast to locating seller-finance buyers for the real estate itself, a classified ad in the paper is not the best option. Most people looking to purchase a stream of monthly payments do not look in the newspaper for potential cash flows to add to their portfolios. An alternate marketing strategy is required for finding note buyers.

In recent years, the Internet has become the best place to find cash flow purchasers. Using keywords such as "buy monthly payments" or "buy mortgage payments" at a popular search engine website should lead to many interested buyers.

Sometimes there are so many potential buyers, it can be difficult to figure out where to start. Also, cash flow buyers tend to have distinctly different financial parameters; an opportunity that meets the needs of one person perfectly may not be attractive at all to another. Therefore, it is often best to work with someone who could give the seller a general idea about how notes should be structured.                                                                                                          

 Using Note Finders...

In the secondary finance industry, a unique group of individuals exists who specialize in locating note buyers. These cash flow specialists - often known simply as "finders" - have a unique understanding of what most buyers are looking for. These finders are happy to work with agents and their clients. Many of them utilize online marketing and have Internet websites to facilitate the buyer location process.

The best of the bunch also look in the newspaper for property sellers offering financing, so sometimes a good finder will contact the seller if their property is advertised as FSBO. Finders specialize in helping property sellers locate buyers for secured notes.

Once in contact with a finder, the seller should explain the details of the situation. While note finders won.t be able to offer any legal advice or assist with the creation of a note, they are qualified to give general recommendations about what types of terms are attractive to note purchasers. Most importantly, note finders will be able to help locate a buyer for a newly-created cash flow.

Remember, these finders are not note brokers, meaning they will not "show" the seller's note to buyers or act as a representative. They will only pass the information along to someone who would be interested. Once a commitment to purchase the cash flow has been established, the buyer will step in and complete the deal.

When working with a property seller who needs a lump sum of cash immediately after selling their real estate, contacting a finder early in the process of creating a real estate note makes sense. By involving a qualified note finder BEFORE a note is created, the property seller can receive invaluable input about the payment characteristics that note buyers prefer.

Without this knowledge, the property could sell quickly with the creation of a new note, but the seller might end up collecting the payments long-term instead of being able to quickly "trade" the future payments for an upfront cash settlement. If the property seller will need a large amount of cash quickly, it makes sense to plan ahead for a buyer to purchase the cash flow and involve the services of a note finder.

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