This article is part of a series designed to make mortgage Note sellers’ lives easier, so they can get the cash they want. Tip #1 was “Valuing the property correctly.”
Tip #2: Know your taxes and liens
Most likely, if you’re interested in selling your Note, you know if there are delinquent or sold/forfeited taxes. You may not WANT to know the reality that there are delinquent or sold/forfeited taxes, but…you know.
The things you may not know, however, are:
– If the sold/forfeited taxes are redeemable; and
– If there are prior unreleased mortgage liens or municipal, city, or tax liens that need to be released.
Our recommendation is to dig! Learn as much as possible about your property’s taxes and liens before approaching a buyer.
Stay tuned for more tips, and learn more in general about Faller Financial and Notes at fallerfinancial.com/note-resources.
Call 844-433-6683 or email info@fallerfinancial.com to sell your mortgage Note, or request a consultation at fallerfinancial.com/contact.
