These are the typical steps to selling a mortgage note:
1 – Gather all of the details of the note you own.
2 – Provide these details to NoteAdvocate for a free quote.
3 – Receive multiple offers from different note buyers
4 – Select the best offer.
5 – Examine the quote before submitting the contract.
6 – The purchasing company goes through the due diligence phase to get the details of the purchase in order.
7 – Closing occurs, and you receive the money.
NoteAdvocate is a free platform providing tools and resources designed to equip note sellers through the mortgage note selling process.