If you’re holding a non-performing mortgage note in Iowa, you’re likely dealing with frustration, stress, and uncertainty. The borrower may have stopped making payments, communication has broken down, and now you’re stuck with an asset that’s no longer producing income.
The good news? You can sell your non-performing note — and unlock cash quickly — even if the borrower is behind or the situation feels “too messy.”
🚫 What Is a Non-Performing Note?
A non-performing note is a real estate-backed loan where the borrower is more than 90 days behind on payments — or has stopped paying altogether. These notes come with risks like:
- Missed payments
- Risk of foreclosure
- Legal costs
- Time-consuming collections
- Uncertainty around the property’s future
Holding a non-performing note means your money is tied up in a risky position, often with no clear resolution.
💰 Why Sell Your Non-Performing Note?
Selling a non-performing note gives you the opportunity to:
- Recoup part of your investment now
- Avoid legal fees and foreclosure headaches
- Eliminate risk associated with the borrower or property
- Free up capital for new, more profitable opportunities
Many investors and note holders choose to cut their losses and move on — rather than continue chasing payments or battling court timelines.
🔍 Who Buys Non-Performing Notes?
At Iowa Note Buyers, we work with experienced institutional and private buyers who actively purchase non-performing notes in Iowa and surrounding states. These buyers are comfortable taking on higher-risk notes — and they’re ready to make fair, fast cash offers.
Even if your note is in rough shape — with late payments, property issues, or borrower communication problems — there’s a good chance it can be sold.
✅ How the Process Works
Selling your non-performing note is easier than you think:
- Submit Your Note Info
Fill out a quick form or call us to provide basic info about the note: balance, remaining payments, property details, and borrower status. - We Present to Buyers
We match your note with buyers who specialize in non-performing loans and negotiate the best cash offer for you. - You Receive a No-Obligation Offer
In most cases, you’ll have an offer within 24–48 hours. - Close Through a Local Title & Escrow Company
No appraisal is required. Closing is handled professionally and securely — and you receive your cash in 7–14 days.
💵 What’s My Note Worth?
Non-performing notes are typically sold at a discount — based on the property value, borrower status, and legal position of the note. The more info you provide, the more accurate and competitive your offer will be.
Even deeply delinquent notes can be worth thousands — and we’ll work to get you the highest possible offer.
🟢 Ready to Sell Your Non-Performing Note?
If you’re done dealing with missed payments, legal stress, or borrower issues, it’s time to turn that note into cash.
👉 Submit your note info now or call us at 319-936-3670 to get a free, no-obligation offer within 24 hours.