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Updated almost 5 years ago on . Most recent reply

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71
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Chris Bingham
  • Investor
  • Sandy, UT
29
Votes |
71
Posts

I've found a note I'm interested in, whats next?

Chris Bingham
  • Investor
  • Sandy, UT
Posted

I've scoured paperstac and found a performing note that interests me. What do I do next before making an offer? What questions do you ask the seller? I could be totally wrong, but don't they typically wait to disclose the documents until after a price has been negotiated? What are the first few questions that you would ask a seller when you find a performing note you are interested in? 

Most Popular Reply

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429
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390
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Jamie Bateman
  • Investor
  • Baltimore County, MD
390
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429
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Jamie Bateman
  • Investor
  • Baltimore County, MD
Replied

@Chris Bingham A lot of sellers will share documents through the Paperstac platform, if you ask, before you make an offer. I typically ask to see the pay history and any servicing comments, along with any other collateral files that are easily accessible to the seller, before I make an offer. They'll need to share them anyway, whether it's before your offer or after. Paperstac kinda walks you through the process after that. 

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