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As mortgage investors, we carefully analyze all aspects of the property sale including:
- The legal documentation
- The physical property
- The background of the payors
- The credit of the payors
- The condition of the title
In most cases, we can commit to buying a mortgage in our first meeting with the mortgage seller. The final paperwork and closing quickly follow.
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| To facilitate a faster, smoother closing for the sale of your mortgage, we will need the following documentation:
- Original mortgage
- Original note
- Closing statement from the property sale
- Existing fire insurance policy
- Pictures and maps
- Existing title insurance policy, if available
- Payor background
- Pay history, if available
Most of this information will be in the mortgage owner's files. We will obtain the additional items such as the credit report, appraisal, and new title insurance policy.
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