Note seller can expect a free quote/offer from the note buyer.
This note quote usually reflects a net figure to the note seller.
Note Buyer typically pays all acquisition costs during note buying process.
These costs usually include a property valuation, title insurance, recording fees, and the closing fee to an attorney or title company.
Keep in mind that an offer from a note buyer can be modified or withdrawn for a variety of reasons:
– items discovered during due diligence such as poor credit
– low property value
– delinquent taxes
– improper documentation
In some cases it might be appropriate for the note seller to pay or share in the costs to be certain they are serious about moving forward or withholding information.
NoteAdvocate is a free platform providing tools and resources designed to equip note sellers through the mortgage note selling process. Submitting a request into our industry leading Mortgage Note Matching Engine, of course, is the Best Way to Sell Your Note.
