If you own a mortgage that's current but you prefer cash rather than the future income stream, there are buyers for it. Mortgages are valued on their note terms. The interest rate, number of remaining payments, security, and current market conditions are all factors that are considered. If you want to sell it, please give me a call. I've got buyers for it.

If It's In Default

A mortgage that is in default is a distressed mortgage, but it often has value and there are folks who will buy it and deal with the problems. A foreclosure might be necessary with subsequent fix up and selling the property. All this can be overwhelming for the average person especially if there's a 1st on the property that has to be fed to avoid it from going into foreclosure. Perhaps the 1st is already in foreclosure and your 2nd is about to be wiped off! If there's judgements and other liens against the property, the situation gets complicated real fast. You may not even know what some of the problems are without doing a title search.

If you have a mortgage that has stopped making its payments, please give me a call. I'll be happy to help you find a buyer or other solution.