Purchase Process

These are the steps that are required to cash out your note

1.  Fill out the fill out the online questionnaire to provide information about your real estate note.  It is recommended that you have available:  your mortgage note and the payor's payment history.

2. We will evaluate the information based on the current balance of the note, amount of equity in the property, the interest rate, the payor's payment history and credit rating.  We will prepare a quote for you for your real estate note.

3.  Upon your acceptance of the price, we will send you a contract and a list of documents needed.

4. We will review the documents and order an appraisal, if needed, of the property.

5.  After review of the appraisal, we will order the title insurance and prepare the closing documents for you to review, sign and return to us by overnight express. Your funds will be express mailed or wired directly to the title company for disbursement.

Some recommendations to speed up the closing process

  •   Have available a copy of important documents concerning your note:  
          - mortgage document,
          - the note,
          - title insurance,
          - property insurance,
          - appraisal, if any, etc.

  •   If you do not have a current appraisal, it is recommended that you have an idea of the current value of the property.

  •   Keep good payment history records, including copies of all monthly payment checks. 

If you have any further questions concerning the purchase process and about receiving your money, please visit our FAQ page. You may also contact us at info@thepcnb.com for any additional information.

Send mail to dena@gnotechnologies.com with questions or comments about this web site.
Copyright © 2009 Polk County Note Buyer
Last modified: 08/19/09