All Forum Posts by: Steve Schmidt

Thank you everyone for all the information.

Ty-Thanks for all the places to check. I will check them out.

Alecia-I belonged to a few Facebook groups. There seemed like there were a few that were not legit. I have never sold a note before, let alone a partial. No idea on the paperwork needed.

Jay-I sent you a PM.

Thanks again,
Steve

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

I am dealing with properties in Southern Colorado. We are going to sell off a few with owner financing. Manufactured homes on land with purged titles. They transfer with standard real estate deed.

We are looking for a company to do DODD-Frank compliant paperwork as well as service the notes.

I called several RMLOs and they won't do the paperwork.

Any suggestions would be appreciated.

Thank you,

Steve

Do you know of a company that does this in Colorado?