Eric Scharaga
Founder, Damen Capital Fund
Private lender and direct land note buyer serving land investors nationwide. Featured on REtipster, Legends of Land, and Land Investing Online. LinkedIn →
Everything we need to close your note purchase, in one list. Gather these after you accept your bid and the rest of the process moves fast.
This is the complete file we need to turn your accepted bid into an exact written offer and a closing. You do not need everything to get your initial bid, that takes only your note terms through the calculator or quote form. Once you accept a bid, gather these. Everything can be submitted electronically, and we confirm receipt and follow up with any questions.
Wondering what happens after you send all this? Read how a note sale closes, step by step.
No. Your initial bid needs only the note terms: balance, rate, term, down payment, and payment status. This full file comes after you accept the bid, so we can verify everything and issue the exact written offer.
Tell us which one. Payment histories can be pulled from your servicer, recorded documents can be pulled from county records, and title items can come from the closing agent who handled your sale. Missing paperwork slows a closing more than anything else, but most of it is recoverable.
The original note is the asset. It transfers to us at closing with an allonge, the way a check is endorsed. You keep a copy, and confirming you hold the original up front prevents a last minute scramble.
No. We purchase promissory notes secured by a recorded deed of trust or mortgage, where the deed transferred to the buyer at closing.
Electronically, email or a shared folder both work. We confirm receipt and follow up with questions within one business day.
Written offer in 24 hours. Closings in about 7 days.
Private lender and direct land note buyer serving land investors nationwide. Featured on REtipster, Legends of Land, and Land Investing Online. LinkedIn →