FAQ


Have questions?  Evergreen Note has answers!

What is a contract or note?
A written document that states promise to pay and includes terms which outlay the amount, interest rate and length of time in which to fulfill this promise.

What is my note worth?
Please contact us for a free, no-obligation quote. See “What Determines a Note’s Value” below for more information.

What will this cost?
Our quotes are free and there is no obligation on your part. You will not be pressured by a salesperson. We want this to be a smooth and easy process for you.

What types of notes do you purchase? 

  • Performing and non-performing residential Notes
  • Business Notes
  • Most Wraps or All Inclusive Deed of Trust
  • Delinquent payments
  • Fractional interests greater than 25%
  • REO (bank or lender owned properties)

Do I have to sell my entire note?
Our goal is to structure a plan that fits your needs. We can purchase a portion of your note (we ask that it be at least 25% of the note) or your entire interest in it.

What determines a Note’s Value?
Investors consider many things when purchasing a Mortgage Note because there are risks involved. We look at several main factors to determine the exact pay price of the note:

  • Buyer/Payer
  • Collateral (Property or Asset)
  • Down Payment
  • Terms of the Note, Interest rate
  • Performance, Seasoning
  • Documentation

Buyer: The primary source of repayment for your note. The borrower’s credit rating and capacity to repay weigh heavily on the amount of the discount applied to your note.

Property/Collateral: The type, location and condition of the property are all considered when determining the discount.

Down payment: This represents the amount of cash or equity the buyer has in the transaction. A larger down payment reduces the risk that the buyer will walk away from their investment. Therefore, a lower down payment will result in a higher discount.

Interest rate/Terms: Generally, the higher the interest rate, the better. Low rate = bigger discount.

Seasoning/Performance: Performance is the regular, timely PI payments; and up-to-date tax and insurance payments. The better the note has performed over its lifetime, the more value the note will retain. If there is a history of non-regular payments, payment gaps, no payments, lapsed tax and insurance, the note is still marketable, but it will have lost some value. There are all flavors of notes, from perfect to less-than-stellar, and each one is considered individually when a purchase is considered.

Documentation: Original note disclosures, the borrower application credit report, BPO, etc.
Once you receive your quote and you decide to proceed with the process of selling your note, you will be asked to sign a contract and we will perform our due diligence prior to closing the sale.

What are my Selling options?

Evergreen Note buys notes based on client needs. Notes can be bought in several ways, the most popular are buying in whole (Full) or part (Partial).

Full Sale is when you sell the note in its entirety. You, the seller, are completely out of the picture following the sale.

Partial Sale is when a front portion of the note is sold in exchange for a lump sum of money. At a point predetermined in the arrangement, the note reverts back to the note owner. You, the note owner, will then begin receiving payments on your note again. The portion of payments that are sold in a partial arrangement are generally subject to how much you, the seller, needs.