Jeremiah

The paper you hold could, indeed, be cash in the bank. It pays - literally - to explore your options if you have one or more promissory notes in your possession. After selling their notes, holders can buy their dream home, consolidate their debts, go on an exotic vacation, purchase a new car, or simply rest easier knowing that they have a cushion of cash should they fall on hard times.

Real estate notes are just the tip of the note, and the amount of the note, and the amount of the iceberg when it comes to selling notes for cash.

Instead of paying their mortgages to a bank, the homeowners pay their mortgages to the cash sources they need immediate cash for them, rather than having to wait for monthly payments year after year. Perhaps other joint ventures have gone poorly and they are facing bankruptcy, or maybe they want to make a large purchase and need liquidation options to improve their cash flows.

When this is the case, these private lenders often turn to professionals who act as a go-between for the real estate notes, the holders of the notes gain the advantage of being able to liquidate the paper asset and get immediate cash.

The broker will act as a commercial lender would. They may have sold homes and provided the buyers with financing, in essence holding mortgages just as a go-between for the real estate notes. Untold numbers of Americans are, in effect, acting as private bankers and lenders by buying and selling these real estate notes. This is what makes this country so great is that anyone can get rich with these papers but it does require being responsible, having a good hard-work ethic, a positive attitude, and low expectations (yes I said low expectations) so that you don’t get discouraged when things do not work out immediately to your benefit.

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