I Want To Sell My Real Estate Note In Chicago IL

“I want to sell my real estate note in Chicago IL…Where do I start?”

Holding a real estate note in today’s current economic landscape is a difficult position to have your cash sitting. As the corona virus pandemic continues to unfold property owners who are unable to make their payments are facing minimal recourse as the IL government extends the moratoriums on foreclosures.

With so much uncertainty as to when the foreclosure moratorium will be lifted and note holders will be in a position to take action against delinquent borrowers many note holders are moving towards liquidating their notes now. We are expecting significant delays in the court system for processing foreclosures as they work through the backlog of foreclosures placed on hold as well as the surge of newly delinquent borrowers caused from the start of the pandemic.

Are you missing out on better opportunities because you’re holding real estate notes?

Although some people may choose the “wait and see.. and hope” method of holding real estate notes, you may prefer to get rid of your real estate note now so that you can reclaim the capital and use it for a different investment or use the money for something that came up that you need liquid cash for.

Getting rid of your IL real estate note is sometimes your best option because it lets you do more with your money.

For example, you can sell all or part of your private mortgage note or other asset and use the cash to reduce or eliminate your debt so that you no longer have to pay the debt service on it.

Or you can reinvest the cash in another type of investment that has a higher yield. This is a particularly good idea if other potential investment options are doing well, such as the stock market, local Chicago or IL real estate, or municipal bonds.

You can even sell off all or part of your real estate note in order to diversify your portfolio. It’s never a good idea to have all of your eggs in one basket.

Here’s the problem, and the solution, to your IL real estate notes

Not only is the risk of not collecting the money owed to you substantial at this point but there is also the risk of opportunity cost. Right now we are facing unknown timeframes for dealing with delinquent notes as the processing of foreclosures continues to get pushed further out.

Holding on to your real estate note or a similar asset is not risk free. Property values are notoriously unstable, especially in today’s economy. So the asset you think has a high value today could actually be worth far less in the not so distant future.

And then there’s the hassle of owning a real estate note. Not only are there the book keeping problems to worry about month after month, but collecting on the real estate note is not always a straightforward process. And if the property goes into foreclosure, you risk losing some or all of your investment.

Your best bet is to find a IL real estate note buyer (we’re based in Chicago!) who will pay you a fair price without jerking you around. If you’d like an offer today, give us a call at 630-387-6861.

Fortunately, there’s a better solution than holding onto an unwanted note: Convert those notes to cash.

Cash is the most liquid asset. It allows you to use it anyway you like without any obligations or risks.

When you sell all or part of your real estate note for cash, you can use it to make newer, better investments that allow you to grow your portfolio faster. You have more options in terms of reducing debt.

Or you can simply use cash any way you like.

I want to sell my real estate note in Chicago now!

If you are interested in learning more your options for selling all or part of your real estate note in Chicago, call us at 630-387-6861 or click here to visit our website so you can learn more about your options.

We can make you an all-cash fair offer on your note payments today, so head over and fill out the form on our site to get a fast-free quote, or give us a call today at 630-387-6861! 

Here at Blue Ladder Development we look forward to connecting with you!

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