No, we cover all of the costs. You will receive a wire for the amount that we quote to you.

Typically we close within 3-4 weeks, but we ask you to allow 45 days in case of any unforeseen title or foreclosure issues that need to be resolved.

If you like our quote, we’ll prepare a simple agreement confirming the details. We will gather information from you, order title work and an appraisal, and we may get a credit report on the payor. Once we verify all of the details, we’ll schedule the closing.

We typically close at a title company or attorney’s office in the county where the property is located. If you already have a title policy, we will close at the same title company or attorney’s office who issued the policy.

If you accept our offer, in order to prepare the note purchase agreement, we will need to have a copy of the note, mortgage or deed of trust, and settlement statement from when you sold the property.   (You’ll need to bring the original note and your driver’s license to the closing.)

 We will also need proof of on-time pay history, typically copies of the checks or post-marked enveloped. If those are unavailable, we can sometimes use your bank statements showing the deposits made each month.

It will speed up the process if you also give us any previous appraisal or title work that you may have.

Prior to closing, we will call the homeowner’s insurance agent to have our name added to the property insurance as a mortgagee insured.