How it works
Four steps. Ten days.
Every purchase follows the same sequence: a short conversation, a written offer within 24 hours, a brief and predictable period of due diligence, and a wire. Here is what happens at each stage and what we will ask of you.
The sequence
From inquiry to funding.
Tell us what you hold
Complete the confidential review form or call the office. We need only the essentials to begin: the kind of instrument, the approximate balance or judgment amount, where the property or debtor is located, and your role — holder, attorney, trustee or advisor.
Nothing you send is shared, listed or marketed. Your inquiry goes to the people who will underwrite it.
A preliminary offer in writing
Within 24 hours of receiving your details we send a written preliminary offer, priced from the terms of the instrument and a desktop review of the collateral or the debtor. For a note we will usually show both a full-purchase price and a partial-purchase alternative. For a judgment, the offer follows our free debtor research, and we share our findings with the offer.
The offer is free and carries no obligation. Nothing binds either party until a purchase agreement is signed.
Verification, not renegotiation
Once you accept, we verify what the offer assumed: the documents, the payment history, title and any senior liens, the value of the collateral, insurance and taxes, or the status of the judgment and the debtor. We cover our own diligence costs, including valuation and title work; any exception is stated in the written offer before you commit.
The terms of our offer do not move unless the facts do. If diligence turns up something the offer did not assume, we tell you what it is and what it changes, in writing.
Assignment and funding
For a note, you endorse the note to us and sign an assignment of the deed of trust or mortgage, which is recorded; the payor is notified of the new address for payments and nothing about their loan changes. For a judgment, you sign a notarized Acknowledgment of Assignment of Judgment, which is filed with the court. Funds are wired through a licensed California escrow or through counsel.
Ten days is achievable when documents are ready and title is clean. Where an appraisal, a payoff demand or a court filing is required, closing typically takes two to four weeks — and we will say so in the offer.
What we will ask for
The document checklist.
Copies are sufficient to start. Originals are exchanged at closing. If something is missing, tell us — we can often work around it.
For a note
- The promissory note and any modifications
- The recorded deed of trust or mortgage and prior assignments
- Twelve months or more of payment history
- Payor contact information and, if any, the servicer's statement
- The original closing statement
- Hazard insurance and property-tax status
- A title report or the original title policy, if available
For a judgment or lien
- The entered judgment and any renewal
- The recorded abstract of judgment, if one exists
- Prior assignments, if any
- What you know about the debtor: address, business, property, employment
- Any collection efforts to date and their results
- For a mechanic's lien: the recorded claim, the contract and the notice dates
Our commitments
What you can hold us to.
A written offer within 24 hours
After we receive the essentials. If we decline, we say so just as quickly, and we say why.
No fees, no costs to you
We cover our own due-diligence costs. Any exception is stated in the offer before you commit — never after.
Confidentiality
No public deal board, no marketing lists, no automated texting. Non-disclosure agreements are available on request.
One point of contact
The person who prices your file is the person who closes it. You will not be handed to a call center.
