Description: Cash paid for privately held, secured notes. Focus on business notes, residential and commercial real estate notes, simultaneous closings and structured settlements. Free information to help you learn more.
If you, or someone you know, receives payments secured by an asset such as a property or a business, those payments can be sold for cash. For example, if you sold a house, were paid a down payment and currently receive payments for the remainder, I can pay you cash for some or all of those payments.
The idea is similar to buying a house using a bank mortgage. Later you may receive a notice to send your payments to a different bank. Banks buy and sell mortgages between each other all the time.
Some prefer to specialize in providing new loans to home buyers. Other banks would rather service those mortgages and collect the payments. Often people who receive payments on a mortgage, decide that they would rather have a lump sum of cash, instead of payments. Individuals can sell those payments just like a bank can.