We will help you get through the application process as quickly
as possible with the goal being to get you cash in a matter of days!
Step 1: Complete our Quote
Request form and fax it to us, or you can call our toll-free
phone number and a representative will complete the form for you
over the phone.
Step 2: We will provide you a
quote within one business day explaining how much we will pay you,
as well as any conditions that apply.
Step 3: If you accept our quote,
we will then ask you to complete the Application form, and send the signed application, with all requested attachments,
to our Houston National Processing Office.
The following are typically required to process a mortgage note
purchase:
- Copy of the promissory note
- Copy of the recorded mortgage or deed of trust
- Copy of the settlement statement
- Copy of the title insurance policy
- Copy of the hazard insurance policy (declarations summary page
only)
- Photos of the subject property from all four corners.
Step 4: If the application is completed in its entirety and all requested
attachments are received, Rapid Settlements will start the due diligence
process. Instead of waiting for the completion of the due diligence
process and approval from the court, if necessary, we can advance
a portion of the lump sum to you within days following a brief verification
of the information in the application.
Step 5: After the transfer of your mortgage note payments to Rapid Settlements
is complete, we can then pay you the total lump sum quoted, less
any amounts we already advanced to you.
Step 6: You have to buy a new
wallet because you have too much cash!
