How Do I Sell My Mortgage Note?

One of the difficult parts of the Mortgage Note business is that many potential sellers aren’t aware that it’s even possible to sell their note, Deed of Trust or Land Contract. They know they’re tired of administering the agreement, or they need a lump sum to achieve a personal objective (pay medical bills, finance college – even go on a vacation) but don’t know that they already have a way to do it that’s both lucrative and hassle-free.

The first step to selling your Mortgage Note or other instrument is right here on this site: Request a quote on your Mortgage Note. After that, we’ll guide you through the following steps:

Mortgage Note Documents

Organize your Mortgage Note documents! We’ll let you know exactly what you need to send, but get a head start on the process by collecting and organizing all the documents you believe will be relevant. In some cases, we’ll ask you what you have. The better-organized and more comprehensive your paperwork is, the more is eases the process. If you’re not sure where to begin, our representatives will walk you through it.

Property Appraisal

Next up, we’ll take a look at the property. The appraisal’s depth varies based on the nature of the property and the Mortgage Note, along with your supporting documentation. In most cases this won’t inconvenience the property’s resident at all.

Review

Your documents and our appraisal factor into a final review of the property and Mortgage Note. We’ll immediately let you know if this changes our estimate or any other part of the selling process. We’ll also secure Title Insurance at this stage.

Closing Documents

Once we’ve completed the preceding steps, it’s time to draw up closing documents. Once you review them, sign them and we submit them to finish the closing process, you get paid the agreed-upon lump sum.

We’ll help you get through each and every one of the steps smoothly and help you understand the whole process along the way. The last thing you want – and the last thing we want – is for Mortgage Note selling to be an intimidating prospect. Selling your note should be a positive experience. Let us help you achieve it!