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Updated over 8 years ago on . Most recent reply

User Stats

31
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3
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Ryan Herald
  • Investor
  • Knoxville, TN
3
Votes |
31
Posts

Where to sell a mortgage note?

Ryan Herald
  • Investor
  • Knoxville, TN
Posted

I have a performing note that I am willing to sale discounted, I do not know where though.  I looked at the BP marketplace, but that forum doesn't really look made for this. I have looked online, but I am not sure how trustworthy the places I have found are. What do you use to buy or sell from? Thank you.

Info on the loan: 45k still owed at 5% and ten years remaining with a property that has a value of around 70k. The note has been performing without issue for the last year and a half to two years, so I hope it has seasoned well enough. I would like to get 38k cash for it. Would that be reasonable?

Most Popular Reply

User Stats

309
Posts
100
Votes
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Replied

You can sell it on the FCI exchange.  They do most of the work for you.  The amount of money that they get for selling it is relatively small.  Lots of traffic on that site too.

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