Frequently Asked Questions
Q: Who pays the closing costs?
A: We generally pay all closing costs and fees.
Q: Do you lend money?
A: No, we do not lend money. We only purchase receivables secured by real estate, business notes, annuities & structured settlements & lottery winnings.
Q: Do you have a minimum or a maximum limit to the size of the notes you will purchase?
A: No, we have no minimum or maximums, we purchase notes of any size or dollar amount. We love to purchase small notes as well as notes in the multi-million range.
Q: How long does it take to get my money?
A: As a general rule it takes two-three weeks to close on a real estate note, from the time we receive all the required documentation. Annuities and structured settlements usually require a court appearance for reassignment and take a bit longer.
Q: Why does it take two-three weeks to close?
A: The reason it usually takes two-three weeks to close is that we must order title reports from the escrow company. Additionally, we must order a drive by appraisal of the subject property, which in many cases is the item that takes the most time to schedule and have completed.
Q: How do I get my money?
A: Before the close of escrow we will place a cashiers check in a trust account with the title company. At the end of closing the title company will express mail the cashiers check to you.
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