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Updated 21 days ago, 11/01/2024

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4
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Steve Schmidt
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4
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Advice Needed on Selling Note Partial

Steve Schmidt
Posted

Hello,

I am looking to sell a partial of a note on a property in Colorado.

The property sold in Sept 2023 for $130,000. The buyer put $30,000 down.

The $100,000 note is being serviced by a servicing company in Texas.

7.25% Interest

15 years

PI $912.86

The note is performing. Secured by Deed of Trust.

The property is a manufactured home attached to land in Southern Colorado. The title to the home as been purged. The property passes with a General Warranty Deed. The property was closed with a Title Company. The home is non-owner occupied, the buyer is an investor.

I am looking to sell 2 or 3 years of payments.

I am looking for suggestions where to list the note, or find a real buyer. I have heard of a lot of scams with note buyers, just like pretty much everything else. I did see paperstac in some posts, and will be checking it out.

Thank you very much,

Steve

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