Do you buy mortgage notes in all 50 states?
Yes! Coley Mortgage considers mortgage notes secured by properties in all 50 states. Contact us to discuss your note and receive a free, no-obligation quote.
What type of mortgages does Coley Mortgage buy?
Coley Mortgage considers a wide variety of notes, including mortgage notes, mortgage loan portfolios, trust deeds, land contracts, contract for deeds and business notes. Property types include residential, commercial, mobile homes, mobile homes without land, and raw land.
How long does the process take?
Time frame for this can be has short as 1 week, but the average is approximately 3 weeks, title work taking the longest time.
What documents do I need to provide?
Note, Recorded Deed of Trust/Mortgage, HUD/Settlement Statement, Proof of Hazard/Homeowners Insurance (if structures are on property), proof of pay history (copies of checks, money orders, cashier’s checks or bank statements showing deposits), Title policy (if policy was purchased).
How does the process work?
The first thing is to get the info from your note and settlement statement. We take that info and calculate the pay price. That price is a net figure to you. Quotes are based on credit worthiness, or in some cases by proof of payments, either deposit slips or copies of money orders. If you…