Simultaneous Closing Request

SIMULTANEOUS CLOSING NOTE QUOTE REQUEST FORM

Please provide complete and accurate information.
All information will be held strictly confidential.

IF THIS IS AN EXISTING NOTE PURCHASE PROPOSAL (THE NOTE HAS ALREADY BEEN CREATED) PLEASE CLICK THIS LINK TO COMPLETE THE MORTGAGE NOTE QUOTE REQUEST FORM INSTEAD

Contact Information

Full Name

Day Phone

Are you the

If investor have you held title for more than a year?

Eve. Phone

Best time to call

Fax

Street Address

City

State

Zip code

Property Information

Property Address

Property Classification

Owner Occupied?

Property Type

Description

Current Estimated Value:

Number of Acres

Mortgage Information

Proposed Sale Price	Down Payment	At least 10% Preferred
Estimated Date of Sale	2nd Mortgage Amount	At least 10% of sales price
	First Mortgage Amount	80% Max
Terms in Months (360)	Interest Rate
Payment Amount (Use calculator to the left)	Balloon Term (If any)
1st Pmt Due Date	Number of Payments Made	First payment due at closing
Number of Payments Left	Next Payment Due	Month after closing

Notes:

1 Remember, we will be buying the note after the first payment has been made at closing so on a 360 month note, we will buy 359 payments.

2. The transaction needs to be structure in am 80-10-10 format. 10% down payment, 10% 2nd note (To be seller held and not purchased by us) and an 80% LTV first lien to be purchased by us.

** Enter the beginning of the next month or 30 days out in mm/dd/yyyy format. 12/01/2006.

Any of the down payment funds borrowed?

How Much?

Credit score of the prospective buyer? Will be used for quote unless credit app is submitted.

ITEMS REQUIRED TO COMPLETE THE TRANSACTION

Our Quote Amount subject to complete and approved documentation.
True and corrected signed 1003 Residential Loan Application.
An Original Appraisal; Full appraisal with 4-5 interior photos provided by a State Certified Appraiser. Naming the seller as the Lender.
A paid Hazard Insurance Policy due at closing naming Seller as loss payee.
Title Commitment naming the seller as proposed Mortgagee insured. Insured amount must be for an amount equal to the 1st lien or greater.
All documents: Bank Statements, Credit Report, etc. must be updated thirty days prior of the day of closing.
Under 600 credit score requires 12 months cancelled checks or money orders to verify rent.
Monthly income must be a minimum of $1,600 and create a 50% Debt to Income.
Special Assessments: All unpaid assessments must be paid in full prior to or at closing.
Title Company or their Appointed Attorney shall prepare all mortgage and note documents for first and/or second liens.
Copy of buyer's Photo ID and Social Security Card or W9.
On credit scores below 600, Buyer's last 2 pay-stubs and Bank Statements for last 2 months, last 2 years W2's or if self employed, the last 2 years of tax returns.

Additional Comments

Please tell us of any particulars like special payment arrangements or payor's past credit problems you might know or any particulars of the deal

Marketing Info:

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