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You are here: Home / How to Sell My Mortgage Note / Use Outside Closings To Sell Mortgage Notes!

Use Outside Closings To Sell Mortgage Notes!

By Cash for Notes LLC

Ready to sell mortgage notes?

Protect yourself with outside closings!

When an investor has performed their research and is ready to purchase a private mortgage note they will ask the seller to deliver original documents (note, recorded mortgage, etc.) and sign the transfer package.

The Note Buyer

The note buyer will want these original documents before the funds are released to the seller.

The Mortgage Note Seller

A note seller may understandably wonder,

“How do I know I will ever receive my money once I turn over the documents establishing ownership?”

The Note Buying Challenge

So the note buyer wants the documents before the money is released and the seller wants the money before the documents are released.

The Solution

Using an outside closing through a title company, attorney, or escrow company easily solves this impasse. The outside closer will act as an independent third party (or fiduciary) protecting the interests of both parties.

An outside closing is basically an exchange of money for documents. The outside closer will receive the proceeds from the investor into their trust account and also receive the documents from the seller. It is not necessary for either the investor or the seller to physically be present for the note closing with the use of overnight delivery and wire transfers.

The fee for outside closings average $200 – $400 and can be paid by either party or split equally. Any legitimate note buyer should be willing to participate in an outside closing through a licensed and bonded closing agent.

Outside closings offer protection and peace of mind to both sellers and investors when selling mortgage notes.

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Did you sell real estate or another asset using seller financing? Our company can help turn your future payments into cash now. We offer top dollar pricing and no upfront costs. Contact us today to receive your free note analysis.

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You might be wondering…Why Would I Sell My Mortgage Note? How Do Note Buyers Decide on a Value? What Can I Do to Make My Note Worth More? Get answers to these frequently asked questions!

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1309 Coffeen Avenue
Sheridan, Wyoming 82801

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About Us

Welcome to Ca$h for Notes! We realize that selling your mortgage note can be one of the most important financial decisions you make. We also realize the entire process may seem confusing and we want you to know we are here to help. We are committed to providing you the best possible service … Read More

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