Investor / Principal Evaluation Worksheet

1. What kind of note would you like to sell?

This determines the type of property the note is secured by?                                     SFR Multi-Unit Commercial Land Contract Other

2. Owner occupied?

Is the property currently occupied by the owner?                                                                 Yes No

                         

3. What position is the mortgage?

This identifies whether the lien is in a first position, or a refinanced second loan.                First Second  

- Having a second lien/loan, as a pose to a first, will be a determining factor when establishing a quote.

      

4. First loan amount  

How much is the amount of the first loan?                        $

- The mortgage that is in first place among any loans recorded against a property. Usually refers to the date in which loans are recorded, but there are exceptions.

                               

5. Second loan amount  

If you have a second lien/loan, how much is the amount?                     $

-  A mortgage that has a lien position subordinate to the first mortgage. - Important! No investor will initiate quoting a second lien/loan, if the first is three times greater than the second!

                         

6. Number of payments ( Total )

How many payments are supposed to be made entirely?                     

               

7. Number of payments made  

How many payments have been to date?                                                                           0 0 - 6 6 - 12 12 +    

- Most investors prefer that a note has been " seasoned, " which means the have some initial payments made.

               

8. Due date of next payment  

When is the next payments due date?                       mm / dd / yyyy

                      

9. Sales price  

What was the sales price of the property?                        $

                                              

10. Sales date  

What was the date that the property sold?                      mm / dd / yyyy

                                                

11. Appraised value  

What was the property appraised for at the time of sale?                     $

- An opinion of a property's fair market value, based on an appraiser's knowledge, experience, and analysis of the property. Since an appraisal is based primarily on comparable sales, and the most recent sale is the one on the property in question, the appraisal usually comes out at the purchase price. The investor / principal will require a current appraisal at time of closure.

                            

12. Down payment  

What was the amount of the down payment?                         $

- The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

13. Sales date  

What was the date at the time of sale?                     mm / dd / yyyy

                                        

14. Sales price  

How much did the property sell for?                              $

                                             

15. Payors credit  

What is the current credit score?                                                                                             A B C D

                                           

16. Note balance  

What is the current balance of the note?                           $

                                         

17. Interest rate  

What is the interest rate on the loan?                                   %

18. Tell us how to get in touch with you

Name
E-mail
Tel
FAX

19. Immediate Notice  

 Please contact me A. S. A. P. regarding this matter.