Three Simple Steps In The Note Buying Process

We will need to see the following four documents in order to clearly understand what kind of note that you have. Please fax them to our toll free fax number so we can make an accurate offer for your note.

1. The Note
2. The deed or mortgage
3. Escrow instructions and/or
4. Escrow closing statement

Our fax number is: (800)314-0371

These documents help us understand exactly what you have for sale. If you are comfortable with the details, you can fill out our online worksheet HERE.

1. The Purchase & Sale Agreement - The purchase and sale agreement phase begins with your phone call or online application. Relying on the details you provide in that initial telephone call (such as the loan balance, interest rate, etc.), we’ll value your mortgage and make you an offer. Upon acceptance of our offer, our mortgage buyer 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 phase.-
2. 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 mortgage, we examine the condition of title, and we perform a “drive-by” appraisal (your borrower will never know we did it). Presuming everything is in order, we then progress to the closing phase.-
3. The Closing - The closing phase begins upon completion of the due diligence phase. Our team of professional buyers will produce all of the legal documents necessary to transfer ownership of the subject mortgage from you to us. Once those documents have been executed and recorded, we fund. Banks buy and sell mortgages from each other every day.  It’s really not a complicated process. We make it easy for you to understand.