If you are the note holder of a mortgage or deed of trust, drop on by!
I have investors who will buy part or all of your mortgage note for which you can negotiate the optimum amount for all or part to get the CA$$H you need. You pay NO fees or expenses.
You supply the documentation:
1. Recorded Copy of Deed of Trust, Mortgage or Contract (showing recording numbers)
2. Signed copy of Note (showing signatures)
3. Payment Record and Current Balance of Note (showing amounts and dates payments were received)
4. Closing Statement (Seller's Closing Statement when the property was sold)
5. Title Policy (policy provided to the buyer when property was sold)
6. Current Insurance Binder (showing that the property has fire insurance)
The following is a short explanation of the above documents:
The Recorded Mortgage/Deed Of Trust
This is the instrument that's recorded at the courthouse. It shows that there is a lien against the property, because the buyer still owes the lender (which is the seller in this case).
Promissory Note
This document will show what the payor is responsible for. It will show the amount of the note, the interest rate, the number of payments, the monthly payment amount and any balloon payment that's due.
Payment Record & Balance of Note
This shows when the mortgage payments were received and would also show any late or missed payments. It should also indicate the balance of the note-the seller’s bank statements
We get an agreement on the amount with the investors. After the normal wait for the verification of the information and the processing for the payment you get the cash you want (3-4 weeks).
Come on in and leave me a message. Leave an email address or a phone number with a good time to call you. I'll be in touch with you within 48 hours.
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