Updated about 11 years ago on . Most recent reply
Escrow company for note purchases
Has anyone had experience using a 3rd party escrow company for non performing note purchases? I think in addition to the typical NSA it would provide peace of mind. Has anyone used an escrow company or agent in transactions like this before, and if so what are your thoughts or recommendations?
Thanks!
Josh
Most Popular Reply
Richmond Monroe has a bailee service where you the seller sends the files for review and cleaning before you buy them. Costs to start are their standard $30, plus if they have to recreate lost assignments or allonges. Once this is done, you can then send the money to buy the note, and use RM to store it for you. Also FCI's workout process is not as good as Land Home Financial...