The cash flow_note_business_site

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How To Sell Your Seller Financed Mortgage Note Cash For Notes

description

The Cash Flow Note Business Site cash for notes is for sellers with seller financed mortgage notes (cash flow notes) for sale. We buy mortgage notes nationwide and can close in most cases in 2 weeks

Transcript of The cash flow_note_business_site

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How To Sell Your Seller Financed Mortgage Note

Cash For Notes

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The Cash Flow Note Business

Congratulations! You have already done 75% of the work by contacting us. Now all you need to do is gather all the necessary info pertaining to the actual note.

Before we can give you a "educated offer" we must know certain things about the note. We will send you our "Note Analyst Sheet" via email or fax to fill out & send back.

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Note Analyst Sheet

The "Note Analyst Sheet" is a series of questions about the note. Don't worry. There are no trick questions here. Just questions that tell us all about the note. These questions will be common knowledge to you as the note seller. It allows us to determine how we can then give you the most informed offer available. Once this info is sent to us, We will have a offer for you based solely on the info about the history of the note.

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Have All The Documents Ready!

At this point we have discussed your seller financed mortgage note (Cash Flow Note) in detail and determined we want to purchase it. You have submitted all the preliminary info about the note via the "Note Analyst Sheet" and now we are ready to make you a full cash offer. So now is a good time to start gathering all the documents we need to close the transaction.

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The Necessary Documents Needed

• Copy of Actual Note• Copy of Deed of Trust, Mortgage or

Land Contract• Closing Statement• Copy of Promissory Note• Payors Social Security Number & Credit

Repert• Property Value (Appraisal)• Payment History

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Ready To Close!

Now that all the documents are in to the underwriter & they are all verified. The cash flow note is ready to close. This is usually the MOST anxious time for sellers because you are thinking of ways to spend your money. LOL!

Keep in mind this entire process takes anywhere from 2-8 weeks. It all depends on how fast all the info & documents are submitted!

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CONGRATULATIONS! YOU SOLD YOUR NOTE!

Well that's how to sell a seller financed mortgage note (aka cash flow note) If you have any questions or want to sell your cash flow note. Simply go to www.wix.com/cashflownotebusiness/cashfornotes and submit your contact info. I will contact you with in 24hrs! Thank YouR RandallRJ Fig Properties