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West Coast Equity has 20 years of experience and honesty you can count on. We promise to give you the best value for your note or contract and fund you in the shortest amount of time. See the "About Us" page for details on our history and achievements.
We have been in business 20 years due to the professionalism and outstanding service we offer to our customers. Our knowledge and experience enables us to give you the following guarantees.
Our Written Guarantee
- You will clearly understand all documents you before you sign them.
- Your call or e-mail will be returned in a timely manner and you will be kept informed of all important events as soon as they occur.
- You will always receive an offer we can honor. Every quote we give our customers is our best price based on our understanding of the facts provided to us and our estimation of the buyer's credit and the property's current value. We inform you at the start of the conditions our offer is based on so you know exactly what is expected.
- You have the right to walk away without obligation if we are not able to close on the terms we offered. Sometimes we find the buyer's credit or the property value is lower than required by our underwriters to maintain our offer. If we make a new offer based on the now known credit or property value, you have the choice to either accept our new offer or walk away without any consequence.
- If you change your mind about selling your note or contact, you may opt out for any reason upon reimbursement for our expenses and time we put into assisting you.
- We pay for all normal expenses (title, appraisal, credit, standard recording fees and all nominal expenses) except in extremely unusual circumstances.
- Our staff will always treat you fairly and honestly while funding you as quickly as possible.
- If we encounter a problem purchasing your note or contract, we will inform you right away and let you know what our options are for solving the problem.
- You can choose your own escrow officer to exchange the note for cash. However, you will be responsible for their fees.
- We have never had a complaint filed against us in 20 years and work hard to fairly resolve the rare instance when differences occur.
Make Certain You Are Working With Professionals
We consistently hear two types of complaints by note sellers regarding companies advertising as note buyers. Many of these companies do not have the knowledge or ability to answer their questions quickly. This is because many "note buyers" work part time after attending a seminar advertised on late night TV. Other complaints center around companies offering a sky high price for their note then cutting their offer while hard selling (or worse) to force you to accept a greatly reduced price. See below for how to handle these companies.
There are five important steps to make certain you are working with a legitimate company:
- Read all contracts carefully. Make certain you understand all contractual terms and confirm you are allowed to opt out without obligation if the note buyer reduces their initial offer.
- Make certain they must complete the transaction by a specific time or you can stop the transaction without obligation.
- Verify how long the company has been in business.
- Avoid contracts allowing the note buyer to deduct junk "costs" such as overnight couriers, document preparation fees or credit reporting fees. These costs are covered by legitimate investors. Unethical companies use these "fees" as an excuse to lower their over inflated offer.
- Be careful if they use initials after their name as if they are credentialed. All "credentials" come from fly-by-night get rich quick seminar givers. Also, if they refer to themselves as a "note finder", or "certified note broker", they come from the same seminar scheme.
Be Careful Who You Work With!
While most note investors are honest, a small number of companies give note sellers inflated quotes they have no intention of keeping. After you have signed their contract, they switch prices and offer you a much lower price, and claim you are obligated to accept their new offer under the terms of their contract. These "contracts" are usually illegal and if you come across an unethical investor call us and we can help you out of the situation. They hurt the entire industry and we will do everything possible to end their scam.
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[About Us]
[Why Sell Your Note to West Coast Equity]
[FAQ about selling your note]
[Request a Free Quote]
[Free Note Holder's Handbook]
[Free Payment Schedule]
[Free Loan Balace Calculator]
[Order Your Borrower's Credit Report]
[Opt Out of Mailing List]
[Contact Us]
[Privacy Policy]
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