Consistent Mortgage note investors – Preferred Note Investors

1. Requirements of private mortgage note buyers before investing!

2. A mortgage note is a promissory note secured by a specified mortgage loan. Once you accept an offer for your note, we will send you a commitment letter that simplifies the basic terms. The terminal process that follows is simple, requires minimum effort on your part, and can normally be completed in about 30 days if no unusual circumstances arise. DOCUMENT REVIEW: We will ask you to send copies of your loan papers including private mortgage note buyers trust, note, closing statement from the real estate sale, title insurance policy, fire insurance etc. DUE DILIGENCE: After getting these documents, the customer will set up a bond and conduct due carefulness including payer credit evaluation, title review, etc. CLOSING: All the legal documents need to transfer ownership of the mortgage from you to the buyer. You are produced, performed and recorded and funding takes place. Buyer pays for normal closing costs. Sometimes, purchases have to be renegotiated or cancelled if the review process bears problems that can’t be corrected. you own leasel property, you might want to consider selling your mortgage note to an investor. The number of moneys you can receive will depend on various factors such as the type and location of property, interest rate and credit worthiness. The first step for private mortgage notebuyers involves giving details about your property. Futurel investors will want to know the face value of the note, balance due, interest rate, how many payments have been made, if the note is current, and the asking price. Earlier to speaking to investors, be definite to arrange your paperwork and have everything ready when you meet.