F.A.Q.'S

How can you help me when I have failed to get money elsewhere?

We work with professionals who are specifically trained to help you get the money you need. As long as you are honest and answer all the questions we ask you during the initial free consultation, there is a 99.9% chance we will be able to assist you in getting the money you need.

I reside outside of the United States. Do you offer your services internationally?

Currently, we only offer our services in the United States and it's territories.

Is there a charge for the consultation?

No. Our consultations are free of charge.

What is a cash flow note?

A cash flow note is a written document that states a promise to pay, and the terms which include the interest rate,  the amount, and the length of time.  A cash flow note may be a mortgage, a deed of trust,  trust deed, a business note, lottery winnings,  a court award (such as a structured settlement),annuities, etc.  Generally, a cash flow note provides a payment at regular intervals (often monthly, quarterly or annually).  A note holder, is the person who holds a cash flow note and receives those payments.

Suppose there are some issues with my credit. Will that be a problem?

No. We can help you even if your credit is less than perfect. This is not a loan, the company we work with is financially able to buy the note from you and can provide LUMP SUM payouts in exchange for the payments you're used to receiving from the note or settlement. The professionals at our money source have been in business a long time and have an outstanding reputation. They can often help when nobody else will.

 What if I want cash now instead of waiting 30 years to get paid back?

That's where BND comes in. The firm we work with is our money source. They are interested in purchasing your note from you so you can have the money you need. We gather and submit your information to them on your behalf. This way, you get your CASH NOW  so you won't have to worry about the bills any longer!

 Who invests in notes?

There are many individuals across the country who invest in notes. However, they are small time compared to the banks and pension fund managers --  the biggest investors in promissory notes as they are considered to be fairly safe investments. Additionally, investors will know their yield before they even buy the note -- even a stock tip could not give you information like that!

 What kind of note can I cash in?

We help you get FAST CASH for trust deeds & mortgage notes, also known as land contracts, mobile home notes,lottery or casino winnings, business notes, seller financed notes, annuities and most types of private party financing for real estate transactions.

Are there some factors that make one note more appealing to the buyer than others?

Yes.  A '"well seasoned" note has a better chance of being funded instead of a  note with just a few payments in its history.. What this means is a note with a history of at least 6 months worth of good solid payments made on time would be considered over a note that has one or to prior to the sale of the note.

 What do you do with my information?

Not all private information is necessary to provide a quote an offer on the note you are receiving. However it is necessary to provide a few specific bits of financial information. We will need things like type of property financed, certain terms on the note and something about the person making payments. This information is only used to calculate an offer on the note It is not sold to a mailing list service or anything like that.

Is there a standard discount on a note? 

No, even though it would make it much easier to price a note, it is impossible to apply a standard discount factor.  Each note is different and has to be evaluated on the basis of it's own strengths and weaknesses.  It's like asking what it costs to buy a house.  How big is the house, where is it located, how many bedrooms, how many baths, is there a garage attached, how big is the yard, is there a swimming pool, hot tub, whirlpool bath, and on and on and on...You get the picture.

                                                                                                                  

So what factors determine what a note is worth?

That will vary depending on the type of note.  The factors to consider in a real estate note are things like the term of the note, the interest rate, the payor's credit rating, the value of the property securing the note, the amount of equity in the property, the amount of the down-payment made, the payment history, and the seasoning on the note (in other words, how many payments have been made).  Commercial notes deal with these issues, plus factors such as the income and the expenses of the property.  Business notes will deal with the term of the note, the interest rate, the value of securing assets, the payor's credit rating, the value of the business, the amount of equity, the payment history, the seasoning, the experience of the payor, plus several other factors.  Each note type has it's own parameters, but it basically comes down to how much risk is involved with the note and how long will it take to collect all the money from the note.

Another question we hear frequently is whether a note holder should sell their note or take out a loan instead.  

You can certainly take out a loan to cover any financial needs you may have, and may even be able to use your note as collateral.  However, there are some disadvantages to this also.  Firstly, it increases your debt load, while decreasing your net worth.  Both of these factors combine to decrease your credit worthiness and credit score.  By selling your existing note, rather than taking on additional financing, you actually increase your net worth without adding any additional debt load.  In the event that you need to pursue financing in the future, this will increase your overall credit score and credit worthiness.