| The process of selling your mortgage is not a very | | | | consists of the type of property you owned, sales |
| hard process, it does take some time, effort and | | | | price, property value, loan amount and down payment. |
| patience. If you take the time to sell your mortgage | | | | Your note info consists of the balance of the note, |
| you could receive a lump sum of cash in about 3 to 6 | | | | interest rate, payment amount, number of payments |
| weeks after you submit your note and property | | | | made, length of payments and such. You can go to |
| information. The process of selling your note consists | | | | my website link at the bottom of this article to get the |
| of finding an investor, submitting the information of your | | | | full list of information needed to sell your mortgage. |
| note, getting a quote from the mortgage purchaser, | | | | Next you will receive a quote for your note, if you |
| agreeing on a price for the note, commitment letter, | | | | agree on a price you will receive a commitment letter |
| information form, the due diligence of the property and | | | | and information request form to proceed in purchasing |
| an escrow account to receive a lump sum of cash or | | | | your mortgage. |
| partial purchase for your mortgage note. | | | | A commitment letter is an agreement for an investor |
| How to find an investor is not very hard, you can go to | | | | to purchase your note. Information request form is |
| Google and type in sell mortgage note, private | | | | information needed to proceed in buying your |
| mortgage buyers or mortgage buyers just to name a | | | | mortgage, like copy of the note, payment history, |
| few keywords. | | | | escrow instructions, title insurance policy and credit |
| Find an investor you like and trust and follow through | | | | report of the payer. |
| the process of getting cash for your mortgage note. | | | | Once an investor receives all of the information on the |
| For more information on how to sell your mortgage | | | | original note, he or she will do their due diligence like |
| note go to EzineArticles and read through the real | | | | making sure there is no liens on the property and that |
| estate category. | | | | the title is good. If all is well the exchange of cash for |
| The next step in the process of having a mortgage | | | | your mortgage note will go through an escrow |
| buyer purchase your mortgage is to give the investor | | | | account of your choosing. |
| your property and note information. Your property info | | | | |