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Frequently
Asked Questions |
| Will
I have to discount my note or contract? |
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Yes, the amount of the discount depends on the property’s
equity, the interest rate, terms of the note, and
the property type.
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| What
effect does selling my note/contract have on the payer? |
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Nothing changes other than where the payments are
sent, to the note buyer.
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| What’s
the process? |
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a)
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You accept the quote. |
| b) |
Contract
agreement is sent to you along with request for copies
of your documents. You keep the originals until closing. |
| c) |
Documents
are reviewed. |
| d) |
The
appraisal and title commitment are ordered. |
| e) |
Closing date is scheduled.
The closing takes typically 2-3 weeks on residential
notes. On commercial notes the closing takes 3-4 weeks
due to more due diligence.
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Note: |
If there is no underline lien to payoff, the closing
can be done by overnight mail. On the other hand, some
investors may require the closing to take place at a
title company or an attorney’s office.
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| Are
there any costs to me? |
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Our quote is net cash to you. You pay no cost.
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| How
do I get started? |
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For a free, no obligation quote, simply click
here and complete our Free quote form.
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Copyright
© KJ Investments - Stafford, Texas - All rights reserved. |
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