How To Buy A Mortgage Note From The Bank Direct

Often hold their own "paper" rather than selling to the secondary market.

Get a Broker Price Opinion (BPO) or drive by to check the condition. how to buy a mortgage note from the bank

Run a title search to ensure there are no superior liens (like unpaid taxes or IRS liens) that could wipe you out. 4. Make an Offer Often hold their own "paper" rather than selling

Don't call the local branch teller. You need the decision-makers: Ask for the . Request to speak with the Secondary Marketing Manager . Ask for the VP of Asset Management . 3. Vet the Note (Due Diligence) Before sending money, verify these three pillars: verify these three pillars: