7 steps to selling your mortgage note
TRANSCRIPT
SELLING YOUR MORTGAGE NOTE
Seven Steps
DISCLAIMER-LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY:
THIS PRESENTATION is GENERAL IN NATURE AND IS DESIGNED FOR INFORMATIONAL PURPOSES ONLY IN REGARD TO THE SUBJECT MATTER COVERED. IT IS NOT DESIGNED TO GIVE SPECIFIC LEGAL ADVICE. IT IS PRESENTED WITH THE UNDERSTANDING THAT THE PRESENTER IS NOT
RENDERING LEGAL, TAX, ACCOUNTING OR OTHER PROFESSIONAL SERVICES. THE PRESENTER, HER SUCCESSORS AND ASSIGNS SHALL NOT BE
LIABLE FOR ANY DEBTS, LOSSES, CLAIMS OR DEMANDS RELATED TO OR INHERENT IN THIS PRESENTATION. IF LEGAL ADVICE OR OTHER EXPERT
ASSISTANCE IS REQUIRED, THE SERVICES OF SUCH LEGAL, TAX, ACCOUNTING OR SERVICE REPRESENTATIVE SHOULD BE SOUGHT AND
RETAINED.
Lesa Miller, J.D., M.B.A.
Congratulations!
You sold your property!
Want your cash out? Now what do you do?
Step One – Request a Quote
• Complete a short informational worksheet
• Submit it to Note Pros Plus! by phone, fax or email
Note Pros Plus!
Direct (812) 360-3863
Fax (812) 323-0033
Email Address: [email protected]
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Step Two -
Provide Document Copies
You will want to have copies and the originals of these
three documents readily available:
• Settlement Statement from the Closing
• Promissory Note
• Mortgage, Trust Deed, or Contract
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Step Three –
Accept Offer & Agreement
• Accepted Offer
• Terms, Conditions and Price in Writing
• Presented for Review and Acceptance by
All Parties
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Step Four – Note Review
• Due Diligence
• Review of all documents
• Review of all information connected with the
property, buyer and note
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Step Five –
The Appraisal
• Broker’s Price Opinion (BPO)
• Drive-by Appraisal
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Step Six –Title Search
A title search is ordered to verify title
and identify any liens or clouding of
title.
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Step Seven –
Closing
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• Final documents sent out for signatures
• Title company handles the details of the closing
• Money transfers and deal closes
Why Work with Us?
- We are NOT the Lone Ranger -
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• Affiliated with a network of 25+ Seller Financing Specialists across the country.
• Several of our affiliates have more than 30 years of experience in Seller financing and have closed more than 30,000 seller-financed notes.
• We purchase more notes than anyone else in the industry.
Professional Credentials• Chicago-Kent College of Law, Juris Doctor
o Licensed Attorney
• University of Chicago, Master Business
Administration
• Indiana University, Bachelor of Artso Phi Beta Kappa
• Othero Co-Author, Strictly Business
o Licensed Associate Broker
o IRS Enrolled Agent
o Licensed Pilot
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Contact Information
Lesa Miller, J.D., M.B.A.
998 Old State Road 450, Suite 1
Bedford, IN 47421
Direct (812) 360-3863
Fax (812) 323-0033
Email Address: [email protected]
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