main heading: mortgage note buyers investors
Mortgage Note Buyers & Investors nationwide,  since 1981   -  Trust Deed Buyers    -   Land Contract Buyers
Mortgage Note Pool Buyers  -    Mortgage Note Portfolio  Buyers   -  Commercial Real Estate Mortgage Loans

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THE  STEPS INVOLVED -  in Selling Your  Mortgage  Note

  • You first provide us with the information needed to evaluate and price your mortgage note: 
    • preferably,  by using our online Quote Form 
    • or by phone  1-321-549-8410, Eastern time;
  • You receive our initial Quote, and advise us as to which Cash Options  you have chosen.
  • You send us copies of the documents and/or necessary other information for review, as per the         Document Checklist  that we provide.
  • We then proceed with performing our Due Diligence: obtaining an evaluation of the property  ( usually a "drive-by" appraisal or Broker Opinion of Value); and taking other steps to confirm information - in order to make the final approval decision.
  • We advise you of this approval, and schedule a closing date which is mutually convenient.


CLOSING:
Depending upon logistics and mutual preference, the closing itself can be done either in person,
or by express mail. 

If the closing is to be done in person, you will receive a copy of the closing documents for review prior to the closing.  You will bring the originals of the security instruments (mortgage and note; or deed of trust, or contract for deed) that you’re selling.  The main document that you will sign at the closing will be the Assignment of Mortgage, which transfers all or part of the future payments. 

If the closing is to be done by mail,  the actual closing documents will be sent either directly to you, or to a closing / escrow agent (attorney or title company) in your area.  You will have certain documents signed and notarized; and return the entire package along with the originals of the security instruments.

 


 

FUNDING:
As soon as the Assignment Form is recorded at the local courthouse, and all closing conditions are met, your funds can be disbursed to you.  This is  done either by check  from the  closing / escrow agent; or, if you prefer, the funds can be wire-transferred directly to your bank account.

GENERAL:
The originally recorded security instruments remain in your name.  The new, recorded Assignment of Mortgage Agreement specifies what part of future payments have been sold.  If you are doing a Partial Purchase, the mortgage balance or an agreed-upon amount reverts back to you once the terms of the
 Partial Purchase Agreement have been met.


TIMING:
Typically, the whole process, through funding, can be done in 14 to 21 days or less.  Much depends upon how quickly we receive what we need, so sending documents to us by fax or email greatly speeds up getting the transaction done !

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pic - 2 person - selling real estate mortgages notes  
        Contact  us  today - You'll be glad you did !      
                                  
       
 logo triangle: AFR logo American Funding Resources, Inc.  
 Palm Bay,  Florida

Phone:   1-321-549-8410   Eastern time

website:  www.americanfunding.net
handshake, closing the deal






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pen: writing out check

How much is my
note
worth ?

 
 Contact us, for a
             FREE  
        no obligation
Quote:
  • or  Call: 1-321-549-8410    Eastern time


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stop sign: mortgage notes we don't buy
    What We Don't Do  -      Save Yourself Time !
    Please:   Principals only

     No Note Brokers / Finders      
     No  2nd Mortgages
 

     No  Mortgages 
<  $  100,000
     No  MH or Row Homes
     No  Flips or Rehabs
     No  Simultaneous closings

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  • Single family homes
  • Multi-family  1-4 units
  • Multi-family  5 units
  • Apartments
  • Office  / Retail
  • Commercial
  • Land


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