The determination of property value based on recent sales information of similar properties. Depending upon the type of property and note purchase transaction, may require either a 'drive-by' or full appraisal. The process by which ownership in some portion of future payments is transferred from one party to another. The Assignment Form is signed by the seller at closing, then recorded. An individual or company in the business of assisting in arranging funding or negotiating contracts for a client but who does not necessarily advance the funds himself.
Brokers usually charge a fee or receive a commission for their services.
Typically, secured by assets other than real estate. An individual or company in the business of purchasing or arranging for the purchase of notes. An individual or company in the business of purchasing or arranging for the purchase of notes. Closing Costs Costs of title search, title insurance, appraisal, recording fees, etc. May be paid by either the buyer or seller, depending upon their prior agreement.