I have had hundreds of conversations with noteholders over my 14 years in the note business. You may be interested in the most common reasons people give me for NOT selling their note. Here is what they say:
- I did not know there was an industry where people would buy my note.
- I like – and need – my note income.
- I do not have a good use for the cash if I sold my note.
- I don’t like the price being offered for my note.
- I had a bad experience with a note buyer. Not sure I trust note investors. I feel I need to protect my borrower.
For 14 years, my investors and I have prided ourselves on being honest, straightforward and professional with noteholders. You are always free to talk to me about a potential note situation of yours, note terms to consider, pricing options, etc.