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You are here: Home / Featured Articles / Learn the Value of Your Note

July 17, 2016 By Kenneth Younger

Learn the Value of Your Note

Wondering just how much your mortgage note is worth?

  • Down Payment
  • Terms of the Note
  • Buyer’s Credit Rating and Payment History
  • Type of Property Sold and Its Current Value

Since each transaction is unique, we offer a free note analysis based on your individual situation.

Fortunately, it is easy to obtain a free evaluation in 3 easy steps:

Step 1 – Gather Copies of Documents

The first step is to gather copies of the documents. The primary documents utilized in the quoting process are:

  • Settlement Statement
  • Mortgage (Deed of Trust, Real Estate Contract, etc)
  • Promissory Note, and
  • Payment Record

Hopefully, copies are easily accessible with the originals located in a safe deposit box or other secure location for safekeeping. If a seller later decides to sell the payments then the investor will ask for a few other documents plus the appropriate originals at closing. But for now, these copies will be reviewed for an accurate quote.

Step 2 – Complete the Quote Request Worksheet

The Quote Request Worksheet, also known as a Mortgage Submission Worksheet, is a simple single-page form. This worksheet summarizes the transaction with most of the information obtained from the document copies. It includes details on the property type, buyer, repayment terms, and current balance. (Please visit the Quote Request and Free Note Analysis page to print a PDF version of the worksheet or to submit online).

Step 3 – Send for Review

The third step is to submit the worksheet and the document copies to an investor for pricing. Depending on the investor this might be submitted via email, fax transmittal, or an online submission process.

Most note buyers will provide a free no-obligation quote within 48-72 hours. The quote is generally good for 30 days and is subject to due diligence, which includes a review of the title, appraisal, insurance, buyer’s credit, and other underwriting items. The more information an investor has up front the fewer “subject to” items they will include with the evaluation.

Click Here to Request a Free Note Analysis!

Filed Under: Featured Articles, How to Sell My Mortgage Note Tagged With: mortgage note, note buyers, selling mortgage notes

We invite you to contact us!

Please feel free to call our office at (240) 301-1030 to receive your free note analysis.

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Recent Posts

  • Options When A Note Starts To Go Into Default
  • What is Note Seasoning?
  • What are LTV and ITV?
  • What are ‘Face Rates’ and ‘Discounts’ On Notes?
  • Partnering with Financial Professionals in the Note Business

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