Before you call.

Privately held real estate notes (first and second trust deeds and mortgages), seller-financed and owner-carry notes, land contracts, business notes, court money judgments and certain recorded liens. We buy for our own portfolio, so there is no middleman and no fee to you.

Transactions between $500,000 and $30 million, including portfolios of smaller instruments that together fall within that range. Smaller notes are reviewed selectively, usually by referral.

No. We buy for our own account with our own capital. We do not list or market your instrument to third parties, do not collect payments on behalf of others, and charge no fee.

California is our primary market. Notes secured by property in other states are considered case by case. Judgments are generally California and sister-state matters, because enforcement is state-specific.

Yes. Your details go to the people underwriting them and no one else. We keep no public deal board, do not sell or share inquiries, and do not send marketing messages. Non-disclosure agreements are available before any documents change hands.

You receive a written preliminary offer within 24 hours of our receiving the essentials, subject to due diligence on the documents, the collateral and the obligor. The offer is free and you may decline it; nothing binds you until you sign a purchase agreement.

A buyer pays today for money that arrives over years and takes on the risk that it never does, so the price reflects the time value of money and the risk of the specific instrument. Strong payment history, market-rate terms and low loan-to-value ratios earn the smallest discounts.

No. In a partial purchase we buy a set number of upcoming payments; when they have been received, the note reverts to you. It is a way to raise a specific amount of cash at a smaller discount, and we will usually price both alternatives.

We normally cover our own due-diligence costs, including valuation and title work. Any exception is stated in the written offer before you commit — never afterward.

Only if the facts change. Due diligence verifies what the offer assumed. If it turns up something different — an undisclosed senior lien, a payment history that does not match — we tell you what it is and what it changes, in writing.

Both secure a note with real property. California almost always uses a deed of trust, which lets a trustee sell the property without a court case after a default; a mortgage generally requires judicial foreclosure. We buy notes secured by either.

Often, yes. Non-performing notes are priced on the value of the property and the lien position rather than the payment stream, so the offer is lower, but the note is still marketable.

No and no. A note is the holder's property and may be assigned without the payor's consent. The payor is simply told where to send future payments; the rate, payment and due dates stay exactly as written.

You endorse the note to us and sign an assignment of the deed of trust or mortgage, which is recorded with the county. Funds are wired through a licensed escrow or through counsel at closing.

The note and any modifications, the recorded deed of trust or mortgage, a payment history, the payor's contact information, proof of insurance and the original closing statement. Copies are enough to start; we ask for them only after you have an offer.

By assignment. You sign a notarized Acknowledgment of Assignment of Judgment, which is filed with the court that entered the judgment. Once filed, we become the assignee of record and take on enforcement.

Before offering on a judgment we investigate the debtor's assets, employment, real property and business interests at our expense. That research drives the offer, and we share our conclusions with you whether or not we proceed.

Yes. Commercial judgments in California accrue interest at ten percent per year and can be renewed indefinitely. Judgments against individuals are also reviewed, subject to the reduced-rate and limited-renewal rules that apply to some consumer and medical debts entered after 2022.

A California judgment is enforceable for ten years from entry and may be renewed, so older judgments are often fully collectible. If yours is near expiration, contact us promptly — renewal deadlines are strict, and a lapsed judgment cannot be revived.

Yes, selectively. A California mechanic's lien must be enforced by lawsuit within ninety days of recording or it expires, so the timing of your call matters more than with any other instrument we buy.

Straightforward purchases close in as soon as ten days. Timing depends mainly on how quickly documents arrive and whether an appraisal, a payoff demand or a court filing is needed; where they are, closing typically takes two to four weeks, and the offer will say so.

Selling a note or a judgment can be a taxable event depending on your basis and how the original transaction was reported. We do not give tax advice; please consult your CPA before closing.

Of course. Many of our sellers are represented, and we are glad to work through counsel, escrow or a fiduciary. Attorneys and trustees liquidating instruments for an estate or a client will find our process built for them.