WE BUY TRUST DEEDS, MORTGAGES AND OTHER NOTES

We  buy mortgage notes and real estate secured contracts
primarily in Louisiana and Texas, although we will consider
nationwide purchases on a case-by-case  basis. We prefer
1st  position liens, land contracts, and liens on residential
and commercial properties.  You can receive your funds
usually in as little as 7 days after all required documentation
is  completed.  If you are considering selling your mortgage,
real estate lien, deed of trust, or  other real estate
secured note for a lump sum of cash,  please contact:

    Richard P. Browne
    281-587-5451
    richard@rrtierra.com
    richardpbrowne@hotmail.com      
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Purchase Process:

These are the steps that are required to cash out your note:

1. Call our office to provide information about your real estate
note.  It is recommended that you have basic information available
when you call, such as: your mortgage note, and the payer's payment
history.

2. We will evaluate the information based on the current balance of
the note, amount of equity in the property, the interest rate, the
maker's credit information, and the payer's payment history.  We
will prepare a quote for you that will be the highest possible price
for your real estate note, usually within 24 hours.  

3. Upon your acceptance of the price, we will send you a contract
and a list of documents needed. These can be sent to us by fax or
by overnight express.  We will review the documents and order an
appraisal of the property. If you have a current appraisal, or the
equity is over 50%, this may not be necessary.

4. After review of the appraisal, we will order the title insurance
and prepare the closing documents for you to review, sign, and
return to us. Your funds will be express mailed to you 1 - 2 days
after closing date in the form of a cashier's check or we will wire
the closing funds directly to your bank account at your direction.

5. If you have other questions concerning the sale of a note, or the
funding mechanism, please call for additional information.

  • We will consider buying only a portion of payments so that
    you would receive what you need now and you would still be
    able to receive future payments.  For example, a cash flow
    with a term of 360 months: we could purchase the 180 front
    end payments, with the remaining 180 payments (and balloon,
    if applicable) going back to you.  
  • Most mortgage and trust deed holders obtain notes through
    the sale of their property or properties.  Nevertheless,
    circumstances oftentimes change, and there are a number of
    reasons why a large lump sum may be preferred over small
    monthly payments.

  • Some recommendations to speed up the closing process:
  • Assemble all documents regarding the note, including the
    mortgage document, the note, title insurance, property
    insurance, appraisals, financial statements, credit reports, etc.
  • If you do not have a current appraisal, it is recommended that
    you have an idea of the current value of the property, or the
    value of the property on the tax rolls.
  • Payment history record is very important, and should be
    furnished.
  • We strive to assist our clients with their cash flow needs. We
    prefer to make a full purchase of the mortgage note or lien, in
    which we would buy all remaining payments for a lump sum
    now.  Other alternative plans are possible if desired by the
    note holder.
Where Browne Means Green!!!
WE BUY NOTES