The #1 Most Trusted Note Buyers In Arizona

Finding the right mortgage note buyer

Consumer Reports – Make sure that the individual or organization you’re dealing with isn’t listed on any consumer-oriented sites.Experience – Make sure the Arizona real estate agent works full-​‐​‐​‐​‑​‐​‐​-​-​-​ day at their job and has been working there for at least five (5) year(s). This shows a higher degree of expertise. If they live and work in the state of Arizona, as Seascapes Capital does, then that’s even better!If you’re going to buy notes from an unlicensed broker, you need to know that they may be breaking the law.Look for accreditation from the Better Business Bureau and check out their ratings and reviews online. Seascape Capital carries an A+ rating and five stars with the BBB.You’re probably right.

Understand mortgage notes in Arizona

How It Works

If you decide that they should buy your house, the home selling company will contact you to discuss the details of the sale. They will request certain information regarding the property and the finances. They will normally send you an offer within about one business day if you accept their conditions. You may also be requested to complete a credit check before agreeing to purchase the house. Once the deal is done, you will be given the money within 24 hours or a couple of business weeks. Closing costs are paid by the seller, not the buyers.

A mortgage loan servicer collects monthly payments from borrowers and uses them to pay off the original loan balance plus accrued unpaid debt. Mortgage loans typically carry an initial payment which covers the entire outstanding loan balance, but some mortgages allow for “balloon” payments where the borrower pays less than the full remaining balance each month. Servicing fees cover the costs associated with administering the loan, including paying the lender and taxes on the collected funds.

Therefore, the real estate investment trust (REIT) wants to be sure that the properties they buy are worth the price they’re paying for them. If the properties aren’t worth the price, then they don’t want to own them. And, if the properties are not worth the price, then the REIT doesn’t want to own them either.