Banks and other institutions buy and sell notes every day. It is not a complicated process. We can help you convert your real estate backed note (mortgage) into lump sum cash. We can do this quickly and without very much effort on your part. You will discover that the process of selling your note is surprisingly simple and easy. Let us guide you through this process and show you just how easy it can be.
Here is the simple process:
Step One | The Application.
You fill out the application online. This can be done at your convenience. Complete details on the type of note, interest rate and the term of the note will help us to evaluate the note more efficiently. Then we will value your note and make you an offer. Upon acceptance of our offer we will produce a formal purchase and sale agreement for your review and signature. Once you sign and return the purchase and sale agreement, we begin the due diligence.
Step Two | The Due Diligence.
The due diligence phase begins with the return of your signed purchase and sale agreement. Here, we verify all of the information relating to your note ( making sure that title is clear and appraising the value of the property) and presuming everything is in order, we then progress to closing.
Step Three | The Closing.
The closing phase begins upon completion of the due diligence phase. A member of our Team will produce all of the legal documents necessary to transfer ownership of the subject note from you to us. Once those documents have been executed and recorded, you receive your cash!.
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