Help sellers avoid "cheap mistakes" by setting appropriate interest rates and down payment reserves (e.g., keeping part of the down payment in reserve to risk-proof the deal). 3. Professional Due Diligence & Consulting
Mandate the use of a Registered Mortgage Loan Originator (RMLO) to handle documentation and ensure the note is marketable on the secondary market. we buy notes
Offer a preliminary note valuation within 24-48 hours based on the Unpaid Principal Balance (UPB) and property type. Help sellers avoid "cheap mistakes" by setting appropriate
Prevent common pitfalls like commingling funds, bad escrow math, or payoff disputes. Offer a preliminary note valuation within 24-48 hours
Clearly explain the "seasoning" period—often 3, 6, or 9 months—and how shorter seasoning typically results in a larger discount for the seller. 2. High-Value Note Creation Services
Ensure the long-term health of the investment by offering or recommending professional servicing.
Provide strategies for buying the note instead of "Subject To" deals when a borrower is 6+ months behind, allowing for faster foreclosure or successful loan modification. 4. Specialized Note Servicing