Another key factor in selling a real estate note is the interest rate. Normally, a note buyer will offer you 20% to 30% less than what you owe on it. This is because you need to make a profit on the deal. Make sure that you have a good use for the cash you receive.

Finally, you should never pay any upfront fees to a real estate note buyer. A reputable buyer will be more than happy to explain all of your options and answer all your questions. Make sure you choose a company that has proven experience in buying real estate notes and understands the importance of keeping these fees out of the equation.

Keeping track of payments is important for sellers of real estate notes. Many sellers make the mistake of recreating payment history from memory when selling a note. Investing in a note that does not have a detailed payment history is risky as investors must rely on faith. Although affidavits are often accepted as an alternative to payment records, they do not add any value to the note.

While the process of selling a real estate note can be difficult, there are plenty of ways to make the process easier. There are several companies that offer note solutions for sellers. NoteCom, Inc., for example, has experience with auctions this year and has even participated on the buying side. Using an online tool like Bankprospector will enable you to quickly identify banks that are selling real estate notes.

A real estate note is a legal document that details the agreement between two parties. It also specifies how much the borrower will pay and when it will be repaid. This document also includes the collateral and signatures of the parties. If you're selling a real estate note, you may need to provide a few details about the property.