Selling An Unsecured Promissory Note? What You Need To Know In Florida

There are two things you need to know when it comes to selling unsecured promissory notes:

The Note’s Current Value

The Note’s Future Value

If you’re considering selling an unsecured promissory note in Florida – especially Miami – the first thing you must do is determine these two values!

Keep Reading To Find Out More About Promissory Notes.

This is a pretty simple process. First, contact a few professional companies that regularly handle investments such as unsecured promissory notes, private mortgages, and real estate notes.

Get in touch with a few investment counselors and see what they say about your unsecured promissory note’s current and potential future value. Find out what factors could affect its value. For instance, if the interest rate is likely to go up, go down, or stay the same, such market factors will have an impact on your unsecured promissory note in Miami.

Not sure who to call first? At Sunshine State Buyers, we’re Professional House Buyers and would be happy to answer any questions regarding the market in Miami.

Calculate the value of your note

To calculate the value of your note, a local Florida investment professional will first need to know a number of things about your unsecured promissory note.

They’ll want to consider what Type Of Debt it is.

Unsecured debt can be a variety of debts, for example:

  • Credit card debt
  • Student Loan
  • Medical Bills
  • Rent expenses

Plus, any other type of debt that isn’t secured by physical assets like real estate or property.

With unsecured promissory notes, there can be more risk involved for the note holder. This is because, without some asset “backing up” the note’s value, it can be difficult to confidently determine the note’s future value. Plus, more risk tends to decrease the overall value of the note.

While it is true that unsecured promissory notes may have a lower market value than secured notes, don’t panic!

Assets may back up real estate notes and private mortgages, but unsecured promissory notes still have value in Miami, Florida, despite the risk they carry.

You could consider selling them to a collection agency or other investors for CASH!

Selling an unsecured promissory note in Miami

Before you jump in headfirst and sell your unsecured promissory note to just anyone, it’s a good idea to check with several different potential Florida note buyers.

You won’t find the same deal everywhere! Some collection agencies and investors may offer you a higher percentage for your unsecured promissory note in Miami than others.

Create a bundle…

To get the best deal possible, you may want to bundle several unsecured promissory notes together!

Find out if the company you’re working with will pay you a higher rate for a larger bundle of unsecured debt.

Pay attention to the terms…

Don’t forget to keep an eye on the terms given to you by the buyer.

It could be disastrous if you sign an agreement without checking you understand ALL of your obligations. You need to know EXACTLY what you will get in return for selling your unsecured promissory note.

At Sunshine State Buyers, our policy and promise to you is to offer FULL transparency. Our goal is to work together with the local community through investments and creating win-win solutions for everyone involved. We look forward to guiding you through each aspect of the process and helping you learn the current value of your note.

If you have any questions or concerns, a trusted member of our team would be more than happy to chat with you.

If you’d like to get a free offer on your note, contact Sunshine State Buyers today at (305) 916-3328.

Selling an unsecured promissory note in Miami? Look no further! We have the solution.
Call us at (305) 916-3328 or click here to visit our website.

At Sunshine State Buyers, we also buy Florida houses fast! Discover how our company works here >>>

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David Veras

David Veras was born in Hialeah, Florida and has been involved in Real Estate since February 2019.

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