A mortgage note is the signed promise to repay a real estate loan, created most often through seller financing when a property owner carries the loan for the buyer instead of a bank. If you hold a mortgage note and want cash now instead of collecting payments for years, Cassidy Investment Group buys mortgage notes directly — whole or partial, performing or non-performing — across Indiana and nationwide.
Key Takeaways
- A mortgage note is the borrower’s written promise to repay, secured by a mortgage lien on the property.
- Most mortgage notes we buy come from seller-financed sales, where the seller carried the loan instead of a bank.
- You can sell the whole note for a lump sum, or a partial — a set number of payments — while keeping the rest.
- We buy performing and non-performing mortgage notes on residential, multi-family, and land property.
- A free, written, no-obligation quote is the first step — there’s no cost or pressure to sell.
What Is a Mortgage Note?
A mortgage note is a legal document in which a borrower promises to repay a loan under specific terms — the amount, interest rate, payment schedule, and what happens if payments stop. It works alongside the mortgage itself, which is the security instrument that places a lien on the property. Together, the note is the debt and the mortgage is what secures it. Learn more in our full guide to what a private mortgage note is.
Why Sell a Mortgage Note?
Sellers convert a note to cash for many reasons — a lump sum for a major purchase, removing the responsibility of collecting monthly payments, or simply reducing risk and simplifying their finances. Selling doesn’t change anything for your borrower: the original terms stay the same, and they simply pay the new note holder instead of you.
What Determines Your Mortgage Note’s Value?
Every note is priced individually, but the same factors drive value across the board:
A seasoned, on-time track record is one of the strongest value drivers.
More borrower equity means a stronger cushion and a better price.
A clean, complete file speeds up the sale and supports your offer.
Condition, location, and lien position all factor into the price.
For a full breakdown, see how much your mortgage note is worth.
How to Sell Your Mortgage Note
The process is straightforward with a direct buyer:
| Step | What Happens |
|---|---|
| 1. Free quote | Share basic details about your note, property, and borrower |
| 2. Written offer | Receive a clear, no-obligation offer to review |
| 3. Due diligence | We verify the note, title, and payment history |
| 4. Closing | Sign, the note transfers, and you receive your funds |
Have a mortgage note? Find out what it’s worth.
Cassidy Investment Group buys mortgage notes, trust deeds, and land contracts in Indiana and nationwide. Get a free, no-obligation quote, or sell all or part of your note for a lump sum.
Not ready yet? Join Note Talks, our free monthly Q&A on Zoom — the last Thursday of every month at 12:00pm EST.Frequently Asked Questions
What is the difference between a mortgage note and a mortgage?
The note is the borrower’s promise to repay — the debt itself. The mortgage is the separate document that secures that promise with a lien on the property. Together they make up the loan.
Can you buy a mortgage note that isn’t being paid on time?
Often, yes. We buy non-performing mortgage notes as well as performing ones, though pricing reflects the added risk of a note that isn’t current.
Do I have to sell the whole note?
No. You can sell the whole note for a lump sum, or a partial — a set number of upcoming payments — while keeping the remaining payments for yourself.
Is there a cost to get a quote?
No. A quote is free and non-obligation, and we cover the cost of due diligence during the review process.
Sources
- Consumer Financial Protection Bureau. Mortgage and note guidance. consumerfinance.gov
Disclaimer: Cassidy Investment Group, LLC provides this content for general educational purposes only. It is not financial, investment, tax, or legal advice, and it does not constitute an offer to buy or sell any security or investment. Mortgage note transactions involve risk, and offers depend on the specifics of each note. Statistics cited reflect the sources and dates noted and may change over time. Consult qualified legal, tax, and financial professionals before making decisions about buying, selling, or investing in mortgage notes.