Please Bear in Mind This Fact
July 6th, 2008
Imagine that you’re selling your mortgage note. You’ve got your reasons, but there’s no need to tell the reasons to the buyer. Bear in mind that while you’ve sold the mortgage, you’re still the primary on the loan. When you sell mortgage note to a mortgage buyer, you must remember that the security instruments stay in your name. Once you produce the deed of trust, original mortgage contract for deeds and so on, the bank will approve the mortgage note buyer and then the funds will be transferred into your account. You’ll still need to make sure payments are made in the future.
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