If you are in need of money and have a mortgage note, or are holding a land contact from a real estate sale, and you wish to raise fairly immediate funds, a mortage buyer might be able to convert it to a lump sum in cash. For either the whole or partial note. This is available for residential mortages as well as commercial interests.

Since not all mortgage buyers are made alike, you will want to get multiple quotes and consider buyer aspects like:

• Certainly the outfit must be able to buy notes in your state and handle your type of note whether for a mobile home, a residence, a condominium, land, etc. Which is matched with the type receivable (trust deed, a land contract or a real estate note).
  
  
• Those buying mortgages direct eliminate the middleman. Possibly giving the best price under normal circumstances.
  
  
• Be aware of the bottom line you will receive in the deal. Clarify who pays what ( credit report, closing costs, appraisal fees). Then there is the title. And how much time alotted for closing?
  
  
• Search to fast quotes during chance swings in interest rates.
  
  
• The reputable buyer should have years of experience with this abd be adept with resources. Ideally buying with their own funds. Check their background and history of successful closing experiences.