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PCF Investment Group, Inc. |
Frequently Asked Questions????
Q. What kind of notes do
you buy? We also buy many other types of cash flows - click here - Q. Why would I want to cash in my Receivable? There are many reasons to cash in your receivable, but the most common reason is to simple replace the regular payments they are receiving with a "lump sum" of cash. Whether you need cash to pay for a child's college tuition, or to take the family on a Caribbean Cruise, selling your receivable may help you accomplish your goal. Another great reason to sell your note is to eliminate the hassles and concerns associated with collecting the monthly payments, worrying about whether the insurance and taxes are paid etc.
The current market for notes may call for a yield in excess of the face rate of the note. We analyze each monthly payment you receive and calculate its value into the future. $100.00 today is worth more than $100.00 due to be received in five years. Looking back 15 to 20 years ago, we could go to the movies for what? about $.50, right! And gasoline was about $.65 a gallon? Now look at what we pay. This is what we mean when we say dollars today are worth more than dollars in the future. So the "time value of money" must be factored into the price.
Q. How much will the discount be? Each receivable will have a different value depending on many factors. The amount of cash you will receive depends primarily on the following factors:
The best way to find a receivable's current market value is to fill out our submission form to receive a free quote! Click Here
Q. How long does the process take once I decide to go
forward?
Q. Do I need to pay closing costs? We pay normal closing costs on all real estate related transactions (appraisal, title insurance, and recording fee) on residential properties. On larger commercial properties, we may ask the seller to pay some, or all closing costs.
Q. Can I receive some cash now and still hold part of the note?
Q. How does this affect the payer of the note? The sale of your note, either a full or partial buy-out, will have no affect on the payers of the note. The terms (payment, balance, interest rate, term, etc.) do not change. The borrower will be given a new address to send his/her payments.
Q. After I get my quote, then what?
Most of this information can simply be faxed. We will handle all of the details! Q. Where would the closing take place? The closing normally takes place in the county where the property is located. If you have moved out of the area, the closing agent can complete the closing through the mail. More Questions? Please feel free to Contact Us
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Mortgage Notes 