How much is my note worth?

Several factors are included in the pricing of a note: property type, seasoning (number of payments made), creditworthiness of the borrower, and the borrower’s equity in the property. All of these factors are combined to determine the risk factor of the note, which in turn determines what the note is worth. To find out what your note could be worth, please visit our quote page.

 
  Why is my quote valued at less than my balance?

The balance of your note is not an amount that you have in hand now. It is the amount the borrower has “promised” to pay back to you over an extended period of time. This “promise” does not guarantee that your buyer will not default on the loan or become delinquent. If one of these cases happens, you may never receive your full balance.
 
Also, remember that a lump sum of cash now is always worth more than small payments spread out over longer periods of time. There are many ways to invest a lump sum of cash into a compounding investment and make more than you would have off of the interest of the note without the risks associated with holding a note.

 
  How does selling my note affect the borrower?

Legally, the borrower cannot and will not be affected at all. All terms and conditions of your loan remain the same.

 
  How long does it take?

Under normal circumstances, the process takes 15-30 days.

 
  Are there any costs to me involved in selling my note?

No – Bayview First Funding pays all closing and processing costs.

 
  What documents are needed to sell my note?

The following documents are what we typically need to process a note sale. However, if you are missing any documents or have questions about these documents, our note sales specialists are happy to help you prepare all the information you will need. Just call our office at
1-877-520-5037:

   • Copy of the Note or Contract for Deed
   • Copy of the Deed of Trust or Mortgage including legal description
   • Copy of closing statement, if any, or other evidence of sales price
   • Copy of the pay history on the note

MOBILE HOMES (in addition to the above documents):
   • Affidavit of Affixture or other evidence that mobile home is permanently affixed