Residential and Commercial


Mortgage Notes (Residential and Commercial)

Paper and Wire will consider any 1st position mortgage loan (residential or commercial) with at least 5% hard equity in the collateral and a borrower credit score as low as 555 credit score on residential loans and a 600 credit score on commercial loans. As a leading real estate note buyer, we purchase residential and commercial mortgage notes in all 50 states.

If the equity is below 5%, we will still explore the asset’s characteristics and make our decision on a case by case basis as well. We do have a minimum property-value amount of $50,000 on residential and commercial assets for sale. There is no minimum or maximum loan amount requirement whatsoever. We will also consider sub-performing, re-performing and non-performing residential mortgage notes and commercial mortgage notes on a case-by-case basis only – no guarantees of acceptance.

Types of Mortgage Notes We Accept:
  • Residential Mortgage Notes
  • Commercial Mortgage Notes
  • Mobile Home Notes (with land)
  • Bare Land Notes
  • Non-Performing
  • Deeds of Trust
  • Mortgage Contracts
  • Land Contracts
  • Contracts for Deeds
  • Real Estate Contracts
  • Purchase Money Notes
  • Residential and Commercial Mortgage Portfolios
  • Performing and Nonperforming 2nd’s and Junior Liens
  • We Also Buy Properties/REO’s, Residential and Commercial
Residential Mortgage Portfolios (Performing, Sub, Re and Non)

We will consider performing residential mortgage portfolios, sub-performing residential mortgage portfolios, re-performing residential mortgage portfolios and non-performing residential mortgage portfolios, nationwide.

Commercial Mortgage Portfolios (Performing, Sub and Non)

We will consider performing commercial mortgage portfolios, sub-performing commercial mortgage portfolios and non-performing commercial mortgage portfolios, in most major cities and all surrounding suburbs.

All commercial, multi-unit and mixed-use collateral types must consist of land with residentialy zoned, free-standing (attached) structures (no bare land or new construction loans). Owner occupancy on loans is preferred, although investment and second homes will be considered as well.

Non-Performing Second Position Notes

As a growing real estate note buyer, we are now actively acquiring and trading non-performing second position mortgage notes nationwide, with no geographical restrictions whatsoever. As per performing junior lien mortgage notes, all will be considered on a case-by-case basis only, with no guarantee of acceptance. Our criteria for purchasing non-performing second position mortgage notes or any type of lesser-position junior lien mortgage notes are as follows:

  • Must be 100% non-performing
  • Junior loans considered for purchase must be behind a performing 1st position loan
  • No minimum loan amount

For the fastest service, complete our simple online Quick Quote Request. Alternatively, you may call us between 9 AM and 6 PM Central Time at Phone: 844 MTG NOTES.