Sell Your Seller-Financed Mortgage Note in Detroit, Michigan
Detroit and Southeast Michigan have one of the most active land contract and seller-financing markets in the country. Wayne, Oakland, and Macomb counties generate significant private note and land contract volume. We give you a free review of what your Detroit area note is worth. Call 954-466-7111 or request a free review below.
Detroit Sell Mortgage Notes — Seller-Financed & Owner-Financed Notes — What You Need to Know
Detroit and Southeast Michigan have one of the most active land contract and seller-financing markets in the country. Wayne, Oakland, and Macomb counties generate significant private note and land installment contract volume. Michigan's land contract tradition — rooted in Detroit's investment property market — makes Southeast Michigan a unique seller-financing environment. Detroit's affordable housing, large investor community, and widespread use of land contracts create a robust market for note buyers.
How to Sell Your Detroit Mortgage Note in 4 Steps
Gather Your Documents
Promissory Note, your Mortgage or Deed of Trust (depending on your state), and the closing statement from the original sale. Call 954-466-7111 if you need help locating them.
Request a Free Review
Submit your note details below for a free, no-obligation review. Click HERE to Request a FREE Note Review
Review Your Offer
Compare the purchase price and structure — full purchase, partial sale, or split buyout. No pressure to decide immediately.
Close & Get Paid
We handle underwriting, title check, and closing costs. Once documents are signed, funds are wired directly to your bank account.
We Buy Mortgage Notes Throughout Detroit & Surrounding Areas
Sell Your Mortgage Note in Detroit & Wayne County
Wayne County and Detroit proper — including Dearborn, Livonia, Taylor, and Westland — generate Michigan's highest land contract and seller-financed note volume. Detroit's investment property market, characterized by affordable homes and high rental yields, creates significant land contract activity. Michigan land contracts (MCL §565.355) transfer equitable title while the seller retains legal title until payoff.
Sell Your Mortgage Note in Troy, Sterling Heights & Macomb County
Macomb County — Sterling Heights, Warren, Troy, and Clinton Township — generates seller-financed notes and land contracts on residential and investment properties. Macomb County's large and active investor community creates consistent demand for creative financing options.
Sell Your Mortgage Note in Pontiac, Waterford & Oakland County
Oakland County — Pontiac, Waterford, Southfield, and Royal Oak — generates seller-financed notes on residential and investment properties. Oakland County's mix of affordable urban markets and affluent suburbs creates diverse seller-financing demand.
Sell Your Mortgage Note in Ann Arbor & Washtenaw County
Washtenaw County — Ann Arbor and Ypsilanti — generates seller-financed notes particularly on investment properties near the University of Michigan. Ann Arbor's high property values and large student rental market create demand for seller-financed investment property notes.
Don't see your area? We buy notes throughout all of Michigan. Call 954-466-7111 or submit your note details below.
Request a FREE Note ReviewSeller-Financed Notes Go by Many Names in Detroit
Whether you call it a seller-financed note, an owner-financed note, or a private mortgage note — it's the same instrument and we buy them all. Michigan note holders also hold mortgages, trust deeds, and land contracts. We buy all types.
Owner-Financed Mortgage Note
Same as a seller-financed note — the property seller acts as the bank, accepting monthly payments directly. We buy owner-financed notes throughout Detroit and all of Michigan.
Private Mortgage Note
A privately held promissory note secured by real estate — not originated by a bank. Private mortgage notes in Detroit are fully transferable and regularly bought and sold.
We Buy Mortgages, Trust Deeds & Land Contracts
Sell your mortgage, deed of trust, or land contract for a lump sum. We buy all types of seller-financed instruments in Detroit — mortgages, deeds of trust, security deeds, and land installment contracts.
How to Get Competitive Quotes for Your Detroit Mortgage Note
Don't accept the first offer you receive. The difference between note buyers can be significant — getting multiple quotes is the single most important step to ensure you receive fair value for your Detroit note.
What to Submit for a Quote
- Current interest rate on your note
- Remaining balance
- Property address & type
- Original sale price
- Borrower payment history
- Type of instrument (Mortgage)
Why Compare Offers?
Note buyers use different discount rates and underwriting criteria. One buyer's offer on your Detroit note can be 5–15% higher than another's. Comparing offers puts you in control and ensures you receive the best available price for your note.
Your Trusted Note Buyer — Free Detroit Note Review
Submit your Detroit note details for a free, no-obligation review. Call 954-466-7111 or use the form below.
Request a FREE Note ReviewMichigan Mortgage Note Law — What Detroit Note Holders Need to Know
Michigan Note Law Summary
Michigan uses both mortgage instruments and land installment contracts (MCL §565.355). Michigan's foreclosure process includes foreclosure by advertisement (faster, for non-judicial) and judicial foreclosure. Detroit (Wayne County) mortgage assignments are recorded with the Wayne County Register of Deeds. Land contracts must be recorded to provide constructive notice and protect the buyer's equitable interest.
Documents Required to Transfer Your Note
- Original promissory note (wet-ink)
- Recorded Mortgage assignment
- Allonge or endorsement of the note
- Settlement statement / HUD-1 from original closing
- Payment history records
- Title insurance policy
This information is provided for educational purposes only and does not constitute legal advice. Consult a qualified attorney for guidance specific to your situation. Source: Michigan Statutes.
Detroit Mortgage Note Holder FAQ
Can I sell my seller-financed mortgage note or land contract in Detroit?
Yes. Detroit and Southeast Michigan have one of the most active land contract and seller-financing markets in the country. Whether your note is on a Wayne County investment property, an Oakland County residential, or a Macomb County rental, Moxxie Asset Group can review your Detroit area note or land contract at no cost.
How does selling a mortgage note or land contract work in Detroit?
Michigan uses both mortgage instruments (judicial foreclosure or foreclosure by advertisement) and land installment contracts (MCL §565.355). Michigan's foreclosure process ranges from 30 days (foreclosure by advertisement on commercial) to several months for residential. Land contracts transfer differently than mortgage notes. You start with a free note review.
What types of Detroit notes does Moxxie buy?
We review mortgage notes and land installment contracts on single-family homes, investment properties, and multi-family throughout Wayne, Oakland, Macomb, and Washtenaw counties.
Do I have to sell my entire Detroit note or land contract?
No. A partial sale or split buyout is available for Detroit area note and land contract holders.
How much is my Detroit mortgage note or land contract worth?
Key factors are LTV ratio, seasoning, and interest rate. Detroit's affordable housing means LTV math is evaluated on Detroit's local market values. Call 954-466-7111 for a free review.
Find Out What Your Detroit Note Is Worth
Share a few details and we'll get back to you with a no-obligation review. Easy, free, confidential, and no commitment required.
Prefer to talk? Call us at 954-466-7111
No pressure or obligation offer · We Buy Notes Nationwide · Sell all or part of your note · Response usually within 1–3 business days