LDS Bandz Web Logging

Make it Your Responsibility to Ensure the Loan

July 10th, 2008

Many note holders are experiencing problems receiving consistent payments from their borrowers.  In cases like this, they should really consider selling their mortgage notes to a mortgage note buyer.  If you want to sell your mortgage note, then you do not have to tell the note buyers why you are selling the note; just remember it is still your name on the loan. As a matter of fact, if you are partially selling the note, then your name will still be the primary even after you sell mortgage note to the buyer.   After all the paper work clears, you will be issued the funds in one lump sum.  However, it is still your responsibility to ensure loan payments.

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