In order to ensure a smooth note transaction, it would be wise, as a well informed note seller, to have the following documents available before submitting you note to a Note Investor for purchase. These are documents that you, your attorney, or your real estate agent should have on file from the sale of the subject property.
The documents are as follows:
Copy of Note
Copy of Trust Deed, Mortgage or Land Contract
Escrow instructions from real estate sale in which the “Contract” was created
Escrow closing statement from real estate sale in which the “Contract” was created
Title insurance policy which insures the “Contract”
Fire insurance information on the property which secures the “Contract” (Insurance Company, Policy Number, Agent’s Name and Address)
Loan Payment Record (if possible)
Appraisal from the time of sale or thereafter (if possible)
Please provide two (2) pictures of subject property (if possible)
Copy of street or city map showing property location (maps.google.com)
Plans, surveys or other documents in your possession (if...
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