FULL SALE
A full buyout of your note contract is simple & straightforward to understand. Your are selling 100% of your right to collect monthly payments to Red Mountain. You no longer have to worry about things like falling property values, an unemployed payor, or past due real estate taxes wiping our your loan. Since we are the buyer, we get to worry about these issues!
PARTIAL SALE
Are you looking for a specific amount of money? Do you hate the idea of selling your entire note and losing the monthly income stream? If so, then a partial may be the perfect combination of receiving a lump sum of cash today AND retaining future monthly cash flow.
A partial is nothing more than selling some of your note's monthly payments versus all of it. For example, if your loan has 300 months remaining, you may be able to sell the next 50, 75 or even 120 months of payments.
From Red Mountains' point of view, we have a smaller investment, which helps make it a safer investment. Safer translates into better pricing, when compared to a full note sale.
If you sell us a partial, we service the note for the duration of the payments that we purchased. Once we have received our 100% of what we purchased, the note reverts back to you, the seller.
With the massive decline in property values all across the country, partials have been a big success, given the lower risk associated with them.
We are able to buy payments, pieces of a balloon, or various combinations thereof. Call today to discuss a partial!