Debt types › Mortgage notes
Sell mortgage notes (performing and non-performing)
Last updated:
Short answer: A note holder can sell a full note or a partial (a set number of future payments). Price depends on lien position, loan-to-value, payment history and the buyer's yield target. The FTC found buyers paid more for mortgage debt than for credit card debt (FTC).
What should you prepare?
- Original note, mortgage or deed of trust, and the recorded assignment chain.
- Pay history (ideally from a licensed servicer), title report, property value.
- Servicing transfers require borrower notices under RESPA (Regulation X, 12 CFR 1024.33).
Estimate a price range Request a free valuation
What else do sellers ask?
Can I sell my mortgage note?
Yes. A private mortgage or promissory note is generally assignable. The buyer reviews the payment history, borrower, property value and paperwork, then pays a lump sum and records an assignment.
How do I sell a mortgage note?
Gather the note, mortgage or deed of trust, closing documents and payment history, request quotes from several note buyers, compare net offers, then close with an assignment recorded in the county.
Can I sell just part of a mortgage note?
Yes. In a partial sale you sell a block of future payments and keep the rest of the note. Fewer buyers do partials.
Why do performing notes sell at a discount?
Buyers price to a target yield. If the note rate is below that yield, the price falls below the unpaid balance.
Information only, not legal, tax or accounting advice. Price figures are third-party estimates, not offers. Last reviewed: October 2026.
Related guide: How to sell a mortgage or promissory note · All seller guides