People have many different needs and reasons that motivate them to sell a mortgage note or trust deed. Regardless of the motivation, it’s important to know that as the note seller you have options. Private note buyers, consultants, and even a variety of financial institutions are eager to buy your mortgage note. Here at Best Value Notes we work with an array of funders to get you the money you need quickly at the best pricing possible today.

Here are the 21 top reasons folks just like you find to sell their mortgage note or trust deed. See how many of these reasons apply to you!

1. Mounting Medical Expenses – Even if you’re fortunate enough to have good health insurance, one short stay in the hospital could send you on the path to financial ruin. The costs of surgery, medications, physical therapy, follow-up visits, and ongoing treatments could set you back tens of thousands of dollars before you know it.

2. Vacation Time – Why wait until retirement to enjoy the places and activities you’ve always dreamed about. Many folks are selling their mortgage notes for cash now and taking their dream vacation while they are still young and fit enough to fully enjoy themselves.

3. College Bound – College expenses continue to increase every year it seems. Even if you’ve had the foresight and ability to save something for your children’s college educations, it’s quite common to find that you’ve come up short once the day arrives. It’s hard to hit a moving target! Cashing in that seller-financed note can provide instant access to the funds necessary to allow a child to further their education.

4. Retirement Bliss – Gone are the days of working 30 years for an employer and then living out your days on a full retirement pension. We often find that our retirement nest egg isn’t quite going to provide all we need during our golden years. Selling that valuable mortgage note can allow a retiree to have access to an abundance of cash they can use to enjoy these grand years more comfortably.

5. Just Gotta Have That – Maybe you’ve been putting off buying something really nice for yourself or your family. It’s now or never! Freeing up cash by selling a mortgage note means you can finally take the plunge without sacrificing in other areas of your finances.

6. Child’s First Ride – Back in the “good ‘ole days”, a parent could buy their teenage driver a safe and dependable used care for a few thousand dollars. Well, at least we thought those cars were safe, but now the same car would be looked upon as a death trap! Teen drivers today need cars packed with safety features to ensure they are protected while driving, and cars like that cost significantly more than in days gone by.

7. The Tax Man Cometh – Don’t kid yourself! When Uncle Sam says you owe back taxes, you had better make this priority one. When you find yourself staring down the barrel of a hefty tax bill, liquidating your note will allow you to pay what you owe and avoid the crippling fines, penalties, and interest associated with a tax debt.

8. Playing Catch Up – One way people spend the money they make from the sale of a mortgage note or trust deed is to catch up for the years that they weren’t able to invest in the stock market or personal retirement accounts. Putting a lump sum of money away now will help to ensure there is plenty in the future.

9. Purchase A New Home – The American dream of owning a home is alive and well. When the opportunity presents itself, you may have to act fast before that dream home is sold to another family. Getting a lump sum of cash to use as a nice down payment on a home is just another way to invest in your family’s future.

10. Home Makeover – Perhaps you’re fine where you are, but would really like to spruce it up a bit. Don’t underestimate the cost of remodeling even a small home these days. One could easily spend 5 figures on the kitchen remodel alone, and the costs continue to add up with each room on the remodel list.

11. Settle An Estate – Most estate executors are not interested in serving in this role indefinitely. It’s much simpler to convert as many of the estate assets to cash as fast as possible and then just distribute the cash according to the estate plan. By selling off the real estate notes in the estate, the executor gets access to cash to take care of other issues or to distribute among the various family members.

12. Reducing Management Burden – Most folks want life to get simpler as they age, and managing a seller-financed note can be anything but simple. Fortunately, there are many note buyers eager to take that management responsibility on themselves.

13. Launching a New Business – Startup costs for new businesses are usually great, and can grow unexpectedly in response to unanticipated challenges. It often makes sense to sell off that promissory note and use the capital to ensure the success of a fledgling business.

14. Capital Preservation – Most retirees are unable to withstand a significant loss to their retirement nest egg. Selling off a mortgage note and putting the proceeds into CDs, bonds, or precious metals can be a reasonable strategy to reduce stress while still earning a risk-appropriate return.

15. Buying a Boat – A lifetime of memories awaits out on the lake or open seas in a family boat. But nice boats don’t come cheap, and selling your note may be a much better way to finance the purchase instead of taking on additional debt. Anchors away!

16. Financial Stability – Perhaps lending on the property wasn’t the seller’s first choice and they’ve decided that it’s just a little to risky for their comfort level or financial plan. It might make sense to convert that uncertain payment stream into a lump sum of cash that can be managed more conservatively.

17. Avoiding Foreclosure – All is well with the world as long as the borrower is paying the note payment on time every month. But life happens, and even the best borrowers can find themselves unable to pay their mortgage due to unavoidable circumstances. While foreclosure is never the desired outcome for a note owner, sometimes it’s the only option to protect the value of the investment. The foreclosure process can be lengthy, costly, and very stressful.

18. Paying Off Credit Cards – Credit card debt is one of the most expensive types of debt one can accumulate. The interest rates are so high that it’s very difficult to ever pay down credit card debt once the balance reaches a certain level. Cashing out a note can free up money to pay down credit card debt, thus eliminating the burdensome interest charges and late fees.

19. Swimming Pool – We’ve already mentioned the family boat, but let’s not forget the popular swimming pool. This is one of those expenditures that not only provides the family years of memorable moments, but can also instantly increase the value of your home.

20. Child’s Wedding – Many parents feel an obligation to give their son or daughter a nice wedding as a final gift before sending them off to start their lives together. However, parents are likely to suffer sticker shock when they learn how much weddings and receptions cost these days. Selling that mortgage note might be just the recipe for giving your child their dream wedding.

21. Retiring Abroad – Many retirees are learning that they can live abroad much more economically than staying in the states. The cost of living in many countries is extremely affordable, and a lump sum of cash received from selling that note can help provide a happy and healthy retirement abroad.

These 21 reasons for selling a mortgage note or trust deed are some of the most common but certainly not the only reasons we’ve come across. Whatever the need or reason, it can make perfect sense to achieve that dream or solve that problem by cashing out your valuable asset now rather than later.

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