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Frequently Asked Questions

  • Why should I sell my note?

  • When shouldn't I sell my note?

  • Are there any other options besides selling my note?

  • Why should I sell my note to you?

  • How long does it take to get my money?

  • How do I know your company is reputable?

  • How can I verify that your company is reputable?

  • How do I know I am getting the most money for my note?

  • What documents do I need to be able to sell my note?

  • What is the process for selling my note?

  • What kind of other negotiable instruments you buy?

  • Do you buy notes secured by raw land?

  • Can you buy my annuity even thought it is not assignable?

  • What kind of other negotiable instruments you buy?

  • Do you deal with Brokers?

  • Do you buy notes from States other than California?

  • Do you arrange new loans or refinance loans on property?

  • When I sell my note, why don't I receive the exact same amount  of money as the remaining balance on the note?

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    Q: Why should I sell my note?

    A: If you do not already have a specific use for the funds, most often notes are written at less than 8%, other investments like stocks, bonds, real estate, even buying a different note which is just as safe will yield you more than 8%. You will make more in the long run by selling your note and investing in a higher rate loan.

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    Q: When shouldn't I sell my note?

    A: If you have high taxes to pay on a gain that you took when you carried back a note, the discount is tax deductible against the gain, however if you took a note as an installment sale, if you sell your note you will have to pay the tax on the money you receive. As an alternative, you may wish to borrow against your note with us by obtaining a collateral loan. A loan proceeds check is not a taxable event, please consult with your tax advisor, we are not allowed to give tax advise.

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    Q: Are there any other options besides selling my note?

    A: As an alternative to selling your note in full, you can sell a portion of you note, you can sell just the payments on the note, or you can take a loan out against your note. You can sell just some or all of the monthly payments on the note and keep the final/balloon payment in full! You can sell half of your note and keep the other half, this will provide you with half of the monthly payment and a lump sum of cash now as well!

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    Q: Why should I sell my note to you?

    A: The founder of the company has been in the Note purchase business for 30 years. We are one of the oldest companies conducting cash flow purchases in the country. We have the funds to back us on deposit. Most of our investors have been with us over a decade. We do not have to "fish" for the funds to buy your note.

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    Q: How long does it take to get my money?

    A: If you have a straight forward Note secured by Deed of Trust deal, it takes 3-5 working days to complete the transaction. If you need immediate funding for your Note, please let us know and we will do our best to speed up the process. We have funded note purchases in 24 hours in the past! If you have a Structured Settlement Annuity, it takes longer, from 2-3 weeks, depending on court availability for a formal transfer.

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    Q: How do I know your company is reputable?

    A: 30 years in this business is a long time, we have to be reputable to survive. We can provide references of people like yourself who have recently sold us their note. They can tell you that we funded at the price quoted, on time and with no surprises. We are licensed for over 30 years by the Department of Real Estate in the State of California, Lic.# 00698424 and Lic.# 01085780. The National Association of Settlement Purchasers has accepted us as a member as well under our Annuity Buyers USA sister company for Annuity and Structured Settlement purchases.

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    Q: How can I verify that your company is reputable?

    A: The department of real estate in California has a web site to check licensees for any complaints or disciplinary actions against them. We have never had any complaints in 30 years. Check it for your self at http://www2.dre.ca.gov/PublicASP/pplinfo.asp We also can provide you with the name and number of our bank officer at Union Bank, Orange County regional headquarters in Orange, CA where we have banked for over 20 years.

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    Q: How do I know I am getting the most money for my note?

    A: We pride ourselves on our ability to pay top dollar for your note. We want your business, we do not give one price and cut you back at the end. We have been advertising "Top Dollar Paid" for your note for over 30 years, we mean it! Its free to get a quote, call us and if you don't like the quote, we can give you names of our competition to compare it to, we are confident that we will be the highest! If you have another quote from a reputable company, call us to compare, we know all of the reputable companies, if their quote is higher and they are reputable, we will tell you to take the other guys quote!

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    Q: What documents do I need to be able to sell my note?

    A: The Note, Trust Deed, Escrow Closing Statement and pay history is a must, if you have lost any of these, we can assist you in obtaining a replacement. We would also need the Title Policy insuring your loan, and a copy of the fire policy as well if possible.

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    Q: What is the process for selling my note?

    A: We obtain copies of the documents, we order an appraisal of the property to verify the equity, if necessary, we check that the Payor has no bankruptcy that is active. We check that the real estate taxes are current, we prepare the proper assignments of your documents, we ship the assignments to you, or have you meet with a representative of our company, you send in the assignments and your documents, we have the title company record the paperwork and we overnight you a cashier's check. On occasion, or if requested we can arrange a closing with your attorney, or your escrow firm if you require it, also funding via bank wire if you request it as well for a $25.00 fee.

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    Q: What kind of other negotiable instruments you buy?

    A: All-Inclusive loans, Land Contracts, Chattel Mortgages, Annuity payments, Structured Settlement payments, assignable or unassignable. Inheritance payments, almost any cash flow.

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    Q: Do you buy notes secured by raw land?

    A: Yes we do, however, be aware that raw land note have a higher discount due to the inherent risks in unimproved property.  Please contact us for more details.

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    Q: Can you buy my annuity even though it says it is not assignable?

    A: Absolutely!  Even when the annuity policy specifically states that it is not assignable, we can still purchase the payments.

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    Q: Do you deal with Brokers?

    A: If you are a licensed Broker, we would like to hear from you. If you do not have a license, but want to refer us a deal, we need you to purchase it first, then call us as a principal. We can quote the deal for you ahead of time and issue a forward commitment to purchase the deal from you as a principal.

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    Q: Do you buy notes from States other than California?

    A: Of course! While California is our strength, we have purchased many, many notes all over the U.S.! Call us!

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    Q: Do you arrange new loans or refinance loans on property?

    A: Yes!  We are an approved mortgage broker / lender and have arranged over $150,000,000.00 in real estate financing over the last 30 years.

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    Q: When I sell my note, why don't I receive the exact same amount
    of money as the remaining balance on the note?


    A: Much like cashing in a savings bond early, there is a discount taken to get your cash now.  The specific amount of the discount depend on the terms of your note.   We pride ourselves on paying top dollar for your note.

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