Sold a home, land or a business in Chicago with owner financing? Turn the payments you’re owed into one lump sum. Free quote, no obligation.
What are you selling?
Get my cash offer → Call 708-982-7560Free and private. No obligation to sell.
If you sold a property in Chicago and let the buyer pay you over time, you hold a note. We buy the payments still owed to you, all of them or only some, and pay you one lump sum at closing. Your buyer keeps the same terms and simply pays the new holder.
The example on the right is a made-up Chicago note to show how it works: 40 payments made, 260 left. Your specialist prices your note from its payment history, the equity and the payer.
General information, not legal advice. Talk with an Illinois real estate attorney about your own situation.
When you sell a note, the mortgage, deed of trust or contract is assigned to the buyer, and the assignment is recorded with the same county office that recorded the original. Chicago is in Cook County, which is also the county seat.
118 N. Clark Street, Chicago, IL 60602
Records deeds, mortgages, assignments and releases for property in Cook County.
An assignment must cite the document number of the original mortgage, along with the property’s PIN and legal description, so have those ready.
Use the quote form or call 708-982-7560. The basics are enough: the balance, the payment, how many payments are left and the property address.
The promissory note, the recorded mortgage, deed of trust or installment contract, the closing statement and the payment history.
A note specialist reviews the payment history, the property and the payer, then sends you a written offer for all or part of the note.
Closing runs through a title company or attorney. You receive one lump sum, and your borrower is told where to send future payments.
Free, no-obligation quote. Most people only need the basic terms to start.
Owner-financed homes, land and small rentals.
Seller financing from the sale of a business or equipment.
Notes secured by retail, office, industrial and multifamily property.
Private notes secured by real estate or other collateral.
Contracts for deed and installment land contracts.
We buy notes on homes, land, rentals and commercial property across the Chicago area, inside the city and in the surrounding cities and counties.
Real Estate Mortgage Note Buyers Chicago IL
1519 W Warren Blvd. # E Chicago, IL 60607 · 708-982-7560
A note is only as strong as the property and the market behind it. These are the numbers a note buyer looks at for Chicago:
Source: U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024 unless noted), via Data USA.
What it means for you: Chicago home values have risen since the 2017–2021 survey, and with more renters than owners, notes on two-flats and small apartment buildings are common here. Illinois forecloses in court and gives borrowers time to redeem, so a buyer pays close attention to the payment history and to whether an installment contract was properly recorded.
Yes: in every Chicago neighborhood, in suburbs like Oak Park, Cicero, Berwyn and Evanston, across Cook, DuPage, Will and Lake counties, and anywhere else in Illinois.
Often, yes. Send us the installment contract and the payment history and we’ll review it. A installment contract that’s properly recorded, with clean payment records, is worth the most.
Illinois mortgages are foreclosed through a court case under the Illinois Mortgage Foreclosure Law. For a home, the owner’s redemption period generally ends at the later of seven months after being served or three months after the judgment (735 ILCS 5/15-1603).
No. The property has to be in or around Chicago; you can live anywhere. Closings run through a title company or attorney, and documents can be signed with a mobile notary.
It depends on the balance, the interest rate, the payment history, the equity in the property and the payer’s credit. A note specialist reviews those and sends you a written offer. The quote is free and there’s no obligation.
This is the form the “Get my cash offer” buttons lead to. Fill in what you know about your Chicago note; you don’t need every detail to start. A note specialist reviews it and calls you with a written offer. No cost, no obligation.
