What’s Already Happened
- The borrowers have already:
- Given the trust notes secured by first mortgages,
- Set up automatic loan payments, via Zelle, and
- Set up automatic deposits for property taxes.
- The properties have already been:
- Screened,
- Inspected,
- Videoed, and
- Valuated.
What You’ll Get
You’ll get collateral assignments of the:
- Notes,
- Mortgages, and
- Income streams:
- Automatically sent, via Zelle, to your bank, with
- Payment dates tied to the borrowers’ paydays, and
- A pre-closing test micropayment from the borrower, via Zelle.
Full Documentation
All the documentation is already done. You’ll be able to review it before you commit to your investment.
Recorded and Insured
Your assignments will all be recorded in official government records, backed by title insurance, and done through closings, with no closing costs to you.
Full Recourse
If the borrowers don’t perform, the trustees are still obligated to you.
Straight Out Purchase Option
The features described above apply to note-on-note financing. If you prefer to just buy a note outright and get a direct assignment of the mortgage rather than a collateral assignment, we can do deals that way, too.