When you sell a note to FNAC, we aim to give you the best offer available and to make the process as straightforward and quick as possible. Here, you will find many Frequently Asked Questions about how to sell a note.
Be sure to check out our Education Center for even more information about selling your note. This section covers questions such as “Can I sell a note in the name of a Trust or an Estate?” and “What constitutes a good note?”
Why Would I Want to Sell My Real Estate Note?
When you convert part or all of your real estate note into cash, you gain several advantages in addition to immediate cash:
You don’t have to worry about the payments you receive each month slipping away on life’s little expenses.
You receive a substantial sum of cash right now enough to accomplish some major goals.
You don’t have to worry about collecting monthly payments or servicing your note; we’ll handle it.
Annual taxes and insurance premiums are no longer your responsibility!
Your purchaser is in good hands! Their payment won’t change and each payment made will build their credit.
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How Can I Find Out How Much My Real Estate Note is Worth?
One brief consultation with a First National Acceptance Company Investment Analyst will answer all your questions, enable us to clearly present several options in writing, and help you decide for yourself whether turning your real estate note into immediate cash or keeping it makes the most sense for you. The choice is yours.
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How Soon Can We Close?
Once you accept our cash offer and all papers are in order, you can receive payment in as little as 20 business days. We believe in fast, efficient service!
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How Much Cash Can I Get?
Each real estate note is carefully reviewed to determine the maximum value of the note. First National has many options that will meet your individual needs.
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Who Is First National Acceptance Company?
First National Acceptance Company, a subsidiary of First National Bank of America, has been in business for over 40 years. Today, we are the premier real estate note buyers in the nation. We are a sound financial company, one you can trust to serve your financial needs quickly and efficiently. Our highly qualified, experienced Investment Analysts are glad to assist you.
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Are There Any Additional Benefits To Me?
Yes. When you consider the impact inflation can have on the value of your note over it’s life, cash in hand today can be expected to be worth a lot more now than years down the road.
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If I Convert My Real Estate Note To Cash, Will It Affect The Person(s) Paying Me?
No. All terms and conditions set forth in the original note remain the same. Your purchasers simply send their payments to First National.
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What Types Of Property Do You Purchase?
We purchase real estate notes on virtually all types of property: single-family homes, multi-family homes, farmland, commercial, recreational, vacant land, and mobile homes with land attached.
We recently finished working with Mr. Josh Matties, a loan acquisition officer at First National Acceptance Company in East Lansing, MI. We would like to compliment and give the highest marks possible to Mr. Josh Matties and all of the staff personnel. Amazing company to work with! They are honest and hard working, very quick turnaround and we could not be happier with our second experience with them. Thank you very much for the very professional and efficient 5 star service. We definitely recommend Mr. Josh Matties.
Jack Boudrie
18:39 03 Aug 19
I was a little apprehensive at first, but Justin walked me through the entire process and gave me a complete list of what information was required from me. From there on, it was very simple and expedient. The closing also was surprisingly very quick. Well done, First National.
Tom A
12:45 01 Aug 19
They did an awesome job during my process.
Joe was always available or had someone backing him up to answer my questions.
Jose Garcia
12:16 27 Jul 19
Excellent quick and easy. Rachel Sims helped us along the way and was an easy process to sell our note. Highly recommend using First National and Rachel. Thank you for the easy process and for the agreed funds!
Jim Contino
16:37 28 Jun 19
Rebecca was great to deal with, she returned all calls promptly and we closed on time without any issues. Great company to do business with!!!
Josie Cervantes
17:03 21 Jun 19
Recently sold my note to the bank. The process is extensive but they made it simple for me being many thousands of miles away. Highly recommend them.
Cowboy 4ever
19:42 03 Jun 19
Rebecca Perry was amazing to work with during the entire process.. 2000 + miles a way and the entire thing went soooo well, paperwork done easily, cash at the end as promised, she’s professional yet fun to work with!!
Thank you Rebecca !
Vijay Shravah
20:12 16 May 19
FNAC sent us a letter offering to purchase our mortgage note. After we contacted them and other banks, they gave us the best offer. Process was smooth and we closed in about 30 days.
Rod Roady
14:52 03 May 19
Excellent company. Joe was easy to work with. Transaction went very smooth and I was given a very fair price on my note.
Highly recommended.
Robert Jodoin
03:46 12 Apr 19
Mallory did a good job in bringing the transaction to the closing table...thank you very much..very professional!
Bob J
Terri Olsen
17:23 16 Mar 19
Selling my Security Deed was a very difficult decision for me. It was not what my Father would have wanted, but because of family disputes, selling the deed was the only way for me to find peace. Mallory was kind attentive and caring through what was a very hard time for me. I had spoken to other acquisition companies who came up with one price and then would systematically lower the price in 10% increments. FNAC kept their promises and made the process very simple. I want to thank everyone who helped.
Gerald Herbst
12:31 24 Feb 19
I am very happy with the outcome and that this is over with. Being out of state made it a little harder but all went well.
Mark Malinowski
22:26 08 Feb 19
I had never sold a mortgage note before and did not know what to expect. FNAC gave me a fair offer for my note and Mallory provided timely updates throughout the process. They delivered the funds just as promised. If I ever am considering selling a note again this is the first company I will contact.
terry moreland
16:05 07 Feb 19
Living in New York City where scams are commonplace, I was suspicious when I received a letter from FNAC offering to purchase a mortgage note from me. When I responded to the letter, Juan was assigned to work with me. He was professional and very responsive to any questions or concerns that I had. He made the process much easier than I expected. And we even closed before the projected date. I recommend FNAC without hesitation.
John Gorham
15:35 31 Dec 18
5 stars! John Cooper was so helpful and professional. He made the whole process very painless. Can’t say enough about John’s patience (we are very disorganized 😓) and thoroughness. We got a very fair amount for our property in a timely manner. Would highly recommend First National Acceptance Co. if you are considering selling a mortgage note. Thanks to John Cooper and FNAC!
Daniel Callton
15:12 31 Oct 18
Good experience selling a land contract I was holding. Good pricing and excellent customer service from Mr. Cooper.
B Searer
18:33 04 Sep 18
Great Job John Cooper!
I recommend that you do your research, talk with your accountant and if it’s the right process for you this is a great company to work with. You will help each other in the process to make it happen. When all the work is finished the funds are immediate! John Cooper was the Loan Acquisition Officer I worked with and I certainly would again. Perfect!
Steven White
13:51 24 Aug 18
If six stars were possible, Terrell Wade and the team at FNAC would deserve that high of a rating. Terrell worked with me on purchasing a deed of trust that was part of my parent's estate. The transaction was tricky because of paperwork complications, that the house was now a rental, and that the owners spoke no English. Terrell patiently guided the owners through the process, had to reassure them at several times, and successfully closed the deal even though it took nearly 6 months. The price we received was fair and I cannot speak highly enough of the work and end result that was accomplished by FNAC.
S,T,White, Manager RCR, LLC
Mary Zellmer
16:55 21 Jul 18
I would like to thank Mallory Herrera for the great job she did when she bought our note.She was always courteous no matter how many questions i had for her,and never felt any pressure from her to sell.She kept her word on the price she quoted from the beginning.Always answered her phone when i called no matter what time of day.She gets five stars from me and if i could give her more she will get them to.Good luck for the future.
Ray Sangastiano
18:47 26 Apr 18
My wife and I worked with Terrell Wade and were extremely pleased with the effort and follow thru.
We are 100% pleased. We wish we had more notes to sell.
We were asked to provide some info which we did and the process went as smooth as could be. I will recommend Terrell to all that i can
Marlene Cox
21:29 23 Apr 18
We worked with Terrell Wade at First National Acceptance and he was a gentleman. Very professional. Never before had we sold a land contract and we were well pleased at the buyout amount and surprised at how quickly we received payment. I would highly recommend Terrell and First National to anyone considering selling.
Ned Gurule
02:47 30 Mar 18
We sold our note through FNAC. It was effortless on our part. John Cooper did all the work and we got a check. Thanks John. You were a big help.
Bob or Robert
13:59 03 Mar 18
Juan was a great person to deal with. Had a problem with the title and he took care of it. They also gave me more on my note than another co. would. Would call them again if I had another note to sell. Thanks to everyone at First National Acceptance Co. Bob
Clint Odom
21:47 14 Dec 17
Excellent experience with FNAC. Great communication. Prompt answers and closing. I only had a single transaction and Juan treated me like it was the most important transaction going on at his firm. Price was fair, and negotiation was done honestly, honorably and in good faith. Highly recommend to others.
Jim White
22:46 31 Oct 17
I recently had the opportunity to work with Grace Chang regarding the partial purchase of a note that I brokered to FNAC in 2015. Grace informed me, out of the blue, that FNAC would purchase an additional partial, or the full remaining balance, if my client was interested. I contacted my client and she was very pleased with the offers from FNAC. My client happily opted to sell an additional partial, and, thanks to Grace's knowledge and professionalism, the transaction was completed quickly. Grace Chang is a pleasure to work with!
Jen Williams
02:24 28 Oct 17
I was contacted by FNAC about acquiring the note on the house that I have been owner financing. The representative I dealt with was Terrell Wade. He explained everything to me and assured me there would be no cost to me for their company to get all the paperwork they needed to close this transaction. I was very pleased with his professionalism and courteous manner as he explained things to me and answered all my questions.
Linda July
19:24 15 Sep 17
Grace Chang is amazing. I had to sell a land contract and was very concerned that our buyer would be happy with the new arrangements. Grace's helpful and caring attitude made all the difference. She walked me through every stage of this difficult process and everything turned out perfect. She was very professional, knowledgeable, and focused on the task to be done. Thank you Grace!
Suezan Turknett
18:43 17 Aug 17
I worked with Grace Chang in liquidating a mortgage I held on property my late husband and I had owned. It was probably the easiest land related business deal I have ever been involved with. Grace was knowledgeable, informed and available. She was in contact with me and I never had a question she was unable to answer. I was amazed at how quickly the transaction happened; which was far quicker than estimated at the onset.
It is refreshing to do business with an organization that has such wonderful customer service and professional business associates. I would highly recommend First National and specifically Grace to everyone.
Rob & Terri Lowe
22:50 01 Aug 17
We worked with Terrell Wade at First National Acceptance and things couldn't have been easier. He was great. They are a no pressure, high efficiency organization. The entire transaction was painless on our part and we were surprised at how quickly we received payment. These days where customer service is almost a distant memory it's refreshing to work with a company that excels at it. I wouldn't hesitate to work with Terrell and First National again.
Michelle Cleveland
16:48 01 Jun 17
This was by far the easiest and most wonderful experience I have ever had. I have dealt with many institutions but, First National and Andrea Allen are far above the rest. I am grateful to have had everything done in such a manner that left nothing undone. Thank you so much for a job well done and I hope we have future dealings with one another. I would recommend you all to anyone!
Jodi Potter
18:17 31 May 17
After 10 years in the rental business industry, my husband and I opted to sell off our properties. We sold two through land contracts and another through a traditional mortgage sale. Though the steady monthly income was reliable, we opted to sell our larger note to pay down debt and free up our monthly budget. After testing the waters with 5 different firms across the nation, we selected to use First National Acceptance Company. Our agent was Richard Nzokou. Richard provided the best information with the most clarity on the process of selling our note. The offer and closing value were very fair. Richard kept a close eye on our sale through the approval process and kept me informed every day. I highly recommend this company and encourage you to work with Richard.
