How much is my note worth?
There are several factors which determine the price of a note. The following are the four major factors: Property type, Number of payments made to date, down payment and equity in the property. These are some major determining factors in evaluating risk in any one particular note.
How long does the entire process take?
Normally, the process takes 21-30 days.
Who Pays for the closing Escrows & Title Fee’s when selling a note?
1. Central Valley pays for all closing and transaction related costs.
2. The title work and closing will be handled through the note sellers title company or attorney’s office.
How does the selling process affect the borrower?
The current terms with the payor remains the same.
In fact, the biggest change for the payor is sending the payment to a new address.