Frequently Asked Questions

Send us the basic terms of the note and a copy of your paperwork. We review the note, the payment history, and the property, then present the structures we can offer – a purchase of the whole note, or a purchase of a defined portion of the remaining payments. If you accept, closing is handled through a licensed title or escrow company and funds are wired to you. Not every note submitted will qualify for a purchase.

Private note buyers like Wasatch Note Buyers. We are a private purchaser of privately held real estate notes – not a bank, mortgage lender, or loan servicer. Andrew Hasser reviews each submission personally.

Usually, yes, if the note is secured by a mortgage, deed of trust, or land contract and the documents are assignable. Whether a specific note can be transferred depends on the wording of your documents, lien position, title, and applicable state law, so each one is reviewed case by case.

The remaining payments are valued in today's dollars at a rate of return that reflects the risk of collecting them. Balance, interest rate, payment amount, remaining term, any balloon, payment history, seasoning, collateral value, loan-to-value, lien position, and documentation quality all feed into that. There is no universal formula – pricing is specific to each transaction.

Because payments arriving over many years are worth less than cash today, and because the buyer takes on collection, property, and borrower risk. The unpaid principal balance, the payoff amount, the face value, and the market purchase price are four different numbers.

No. Depending on the note, you may be able to sell a defined portion of the future payment stream and keep the rest, rather than selling the whole thing.

A purchase of a specified set of future payments rather than the entire note – for example, the next several years of payments – after which the remaining payments revert to you. The exact structure depends on the note and the amount of cash you need.

Yes. Notes are commonly sold years before the final payment is due. There is no requirement to wait for a payoff or balloon.

Often, yes. Borrower credit is one factor among many and is considered only where the information is available and lawfully usable. Payment history on your note and the value of the collateral usually matter more.

Yes. Notes secured by raw land, lots, and recreational property are evaluated. Land is less liquid than housing, so these notes are underwritten more conservatively.

Sometimes. First-position notes are our primary focus, but second-position notes are reviewed case by case, with attention to the senior lien, combined loan-to-value, and payment history.

A wrap is a seller-financed note created on top of an existing underlying loan that stays in place. Wraps and other creative structures are evaluated individually, since the underlying loan, title, and documentation determine what is possible.

The verification work done before closing: reviewing the note and security instrument, confirming payment history and servicing records, ordering title, checking lien position, valuing the property, and confirming taxes and insurance.

Value depends on the remaining balance, interest rate, payment history, property value, loan-to-value, remaining term, property type, and borrower creditworthiness. The only way to get a precise number is a written evaluation.

Yes. Partial sales let you receive a lump sum now while keeping the remainder of the payment stream. Many note holders prefer this for the flexibility and the typically better effective pricing.

Yes. While Wasatch Note Buyers is based in Utah, we evaluate notes secured by property across the United States.

Most evaluations are completed in 1–2 business days. From accepted offer to funded closing, expect roughly 2–4 weeks, depending on title and document availability.

The promissory note, the mortgage or deed of trust (or land contract), the closing statement from the original sale, recent payment history, current hazard insurance, and a recent property tax statement.

Only at closing, when they receive a standard notice telling them where to send future payments. Their loan terms, interest rate, payment amount, and payoff balance do not change.

Balance, rate, payment history, collateral value, LTV, remaining term, property type, borrower credit, and how seasoned the note is. We weight all of these to produce an offer.

Yes. Land notes are evaluated more conservatively than owner-occupied residential notes because land tends to be less liquid, but we actively purchase them.

Yes. Commercial notes secured by office, retail, industrial, or mixed-use properties are within our buying criteria.

Often, yes. A history of occasional late payments may affect the offer, but it does not automatically disqualify the note.

Sometimes. Non-performing notes require additional underwriting and are priced based on the value of the underlying collateral.

No. Evaluations are free and come with no obligation.

All fees are disclosed in writing before you sign anything. Typical costs include title, escrow, and recording fees – most of which we cover.

Closing is handled through a licensed title or escrow company. Funds are wired to you at closing.

Possibly. Selling a note has tax implications that depend on your basis, gain, and tax situation. We recommend discussing with your CPA.

There's no hard rule. Brand-new notes can still be evaluated; more seasoning (6–12+ months of on-time payments) generally improves pricing.

That's completely fine. Many people request an evaluation simply to understand the value of their note. There's no pressure to move forward.

First-position notes are our primary focus, but we do evaluate second-position notes case by case.

Yes. Notes with balloons are common in seller financing and are routinely evaluated.

Submit your note details through our intake form. Andrew will personally review the information and follow up within one business day.