If you have rights to an equity in the form of (first, second, or wraparound) mortgage notes, trust deeds, or real estate contracts, you can certainly convert it into cash rather easily.

Owner-financed notes that are secured by mortgages get routinely reassigned and resold through discount brokers and factoring companies.

Therefore, if you have sold a real estate property recently and holding equity in it in the form of an owner-finance mortgage note, you can certainly cash it in for its fair market (but slightly discounted) value at any time.

Regardless of whether you wish to do so because you need cash quickly, or because you wish to reinvest it in another real estate property, you will find that converting such mortgage notes and loan portfolios into cash is usually not anymore difficult than what is involved in getting a second or third mortgage.

If you are in the market to sell your owner-finance note, therefore, you should expect the entire transaction to conclude in three to four weeks -provided you have readily available all the relevant documentation (such as a copy of the Note, a copy of Mortgage, a copy of the Closing Statement, a few recent pictures of the property in question, and a copy of the Property Insurance Rider) for the property in question, and your owner-finance note. If the property in question needs to be reappraised, however, or if there are any complications regarding the title insurance, etc., expect some delays.

Most companies that buy mortgages offer flexible plans to meet your specific financial goals -regardless of whether you are in the market looking for companies that offer Full Mortgage Purchase, Partial Mortgage Purchase or Shared Mortgage Payment Purchase Plans.

As long as you are holding a note that is secured in the form of a lien on a property, you should have no difficulty in cashing it for a reasonable discount off its fair market value.

You may want to consult with a real estate attorney, your title insurance company, and your real estate broker to fully explore your best options for getting the most out of your mortgage notes and real estate equities.