Frequently Asked Questions

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.