Private: Our Process
Discovery
Our discovery process begins with a discussion about your concerns, particulars of the private mortgage note, information on the borrower, and a review of the collateral securing the note.
Review
From there, we conduct a cursory review of the information we receive from you and match our criteria to determine the best possible price we can pay for the note.
You can find our criteria here.
If we find that the note doesn’t match our investment criteria, we engage our portfolio of vetted and accredited investment partners to gauge interest.
Offer
Once the note meets our investment criteria or a suitable partner’s criteria and have established the best possible price, we provide an offer subject to completion of due diligence.
We often adjust the structure of the offer to accommodate our clients and come to a win-win scenario.
Some of the possibilities include a partial purchase of the note, modification of the loan, or an option to purchase while exploring other buyers’ interests. Once our client is satisfied and has accepted the offer, we move on to due diligence.
Due diligence
We ensure the information we collect during the discovery phase is accurate and complete during the due diligence phase.
We also identify any issues with the title on the collateral, validate the condition of the collateral, and confirm borrower information. LiquidAid pays for all costs associated with due diligence.
Closing
Upon successful completion of due diligence, we initiate the closing process. Assuming we don’t find anything unexpected during due diligence, you can have cash for notes in hand within ten days.
We use licensed real estate attorneys or title companies to facilitate closing and pay for all closing costs to make this process as easy as possible.
Get a Free Quote
Get in touch and we can help you sell your note. Click below for your free quote.
