Are you unsure about how to sell your mortgage note?
The secondary note market doesn’t have to be difficult. In fact, if you find yourself being smothered by a strenuous and confusing note buying process, your best move is to run—don’t walk—from the deal.
Selling a mortgage note or business note should be a streamlined process that is transparent and easy for you to understand.
Here Are the 3 Steps You Need to Take:
1. Accept a bid from the quotes you receive (get a quote now).
2. Submit all necessary documents and items for underwriting.
3. Approve and sign the purchase agreement and wait for a scheduled closing date.
Everything Else Should Be Taken Care of for You
When you are working with experienced mortgage note buyers like Amerinote Xchange, the LTV calculations, underwriting process, and appraisal should be handled exclusively by the buyer. You want to be involved in the process, but you shouldn’t have to do any legwork or pay for services out of pocket or upfront – EVER!
However, you still need to do your homework. Make sure the note buyer is accredited with the Better Business Bureau, and that company follows the necessary underwriting guidelines and federal regulations. The BBB will provide most of this information, at your request on their website.
Want to learn more?
Knowing what to expect during the selling process can give you confidence while you sell your mortgage note, but how do you make sure you are getting the best deal?
For more tips on how to create a valuable mortgage note or business note, follow these highlighted links.