USA Main Street purchases seller-financed and owner-financed mortgage notes from property owners throughout Alabama. We also evaluate land contracts and deeds of trust from note holders who want to receive a lump-sum cash payment instead of waiting for monthly installments.
The amount offered for a mortgage note may be lower than its remaining balance because the evaluation considers the note’s payment history, interest rate, remaining term, borrower information, property value and overall risk. Every private or public mortgage note is reviewed individually and purchased on a case-by-case basis.
In short, selling a mortgage note means selling the loan—not the property.
The note buyer becomes the lender and receives the future payments owed by the borrower.
