How long does it take to sell a mortgage note in FastQuote?

Most transactions close within approximately 20 business days of receiving complete documentation. The documents typically needed are the original note with proper endorsement and a recorded assignment of mortgage or deed of trust. We handle the complexity — you handle the decision.

How quickly can I sell my note in FastQuote?

Most transactions in FastQuote can be completed in as little as 2–3 weeks depending on documentation.

How much will I receive for my note?

The offer depends on the note balance, interest rate, payment history, remaining term, property value, and current market conditions. Notes with a strong payment history, a meaningful down payment, and good collateral typically receive stronger offers. We explain every factor in our offer so you understand exactly why the number looks the way it does.

Do I have to sell the entire note?

No. A partial sale allows you to sell a defined number of future payments and keep the rest. Once we collect the payments we purchased, all remaining payments revert to you. This structure may result in a smaller overall discount compared to selling the full note.

Are there any fees or commissions?

None. We cover all closing costs. The offer we make is the amount you receive. No deductions at closing.

What if my note is non-performing or the borrower has missed payments?

We evaluate non-performing notes on a case-by-case basis. We buy both performing and non-performing notes. Contact us and let us review the specifics before assuming your note does not qualify.

What happens to my borrower after I sell the note?

Your borrower is notified of the transfer by certified mail. Their loan terms do not change — same interest rate, same payment amount, same schedule. The only change is where they send their payment.

Can I borrow against my note instead of selling it?

Yes. Through hypothecation, we can lend against your note without requiring you to sell it. You retain ownership, your borrower keeps paying, and you access capital now. This may have different tax implications than an outright sale. We are happy to walk through both options so you can decide what fits your situation.

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About us
Note Lending
Hard Money
Banks
Realtors
Attorney
FAQs
Contact

About us
Note Lending
Hard Money
Banks
Realtors
Attorney
FAQs
Contact

Fast Quote

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About us
Note Lending
Hard Money
Banks
Realtors
Attorney
FAQs
Contact

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