The number one mortgage note buyer in North Carolina

Choosing A Note Buyer

If you search for an individual by typing their first and last names into Google or Bing, some online issues may pop up. For example, if someone has posted something bad about another person on a review site, that could appear when you search for that person’s first and last names.Experience – Have the people who you are speaking with worked in the note buying industry for at least 5 years, and do they appear to understand everything you are saying?License – Are they a licensed real estate agent? It doesn’t need to be in every state but it shows a higher level of commitment if they are.You may want to look into a company’s reputation by checking its online ratings. We have always received excellent ratings from both the Better Business Bureau and Google.You’re talking with them now, so it seems like they want to help you out. Ask lots of follow up question if you don’t feel comfortable.

Setting Up A Note

When writing a real estate investment trust (REIT) offering prospectus, there are certain elements that need to be included for each security.

These include the following:

A good rule of thumb is to get at least a 10 percent down payment. More is always better.

If you’re selling to someone who intends to live there for at least six months, they need good credit.

Make sure that the property is in good condition and has full insurance coverage.

Get an attorney or title insurance agent to prepare the documents so that there won’t be any legal entanglements.

The process for selling a note is simple.

After the transaction was complete, you received an email from the seller saying that he/she had received payment for the item and asking if you wanted to view the item.

Talk to some potential clients to get their feedback and see which one feels best for you.

After receiving the offer, the seller will contact you to verify the details of the transaction. They will then request that you provide them with copies of any relevant documentation related to the property sale.

The note buyer will be responsible for paying for and taking good of a drive-by appraisal.

Assignments are usually completed within one week to two weeks, depending on which state we’re working in.

We buy notes nationwide, but our main focus is in California, Florida, New York, Texas, Washington State, and Arizona.