Looking for quick answer

[George P.]

Are there any closing costs or transfer taxes associated with the purchase of a note?

[Ryan Webber]

The paperwork ($150-$500 from an attorney) and filing fees ($20-$50).

I guess if you wanted to close it at a title company there would be an escrow fee.

I've never done an actual "closing" for a note purchase. After verifying clear title, I get an assignment of deed of trust and the note, and they get a check or vice versa if I'm selling it.