Selling notes and assets can be a tedious task. There are steps that need to be done when selling a note, REO, or CFD. This includes shutting down the insurance as soon as possible. It is also necessary to have utilities changed into the new owner’s name and that instructions are clearly delivered to from the sellers. Chris and Gail discuss the paperwork one has to deal with when selling notes and assets with all the different forms that vary between states. They also tackle how dealing with bank underwriters is a part of the steps in selling, and why any sale that does not push through can be considered an opportunity rather than a disaster.

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