Have Questions About The Process Of Selling Your Note?

When evaluating a real estate note we consider:

1. The collateral securing the loan
2. The borrower’s credit profile and ability to pay
3. The balance and pay history
4. The note’s terms
5. The property’s title history
6. Taxes and insurance
7. The paperwork and legal documents

Paperwork Needed

Signed Mortgage Purchase Agreement

Promissory Note

Deed of Trust,

Title Insurance Policy

Settlement Statement:

Proof of Insurance

Verification of outstanding balance:

The payers name, address, and social security number

Proof of payment history

Copies of underlying notes and balances (if applicable)