How To Buy A Mortgage Note From The Bank Page

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions:

This document is recorded at the county level to prove you are the new legal owner. how to buy a mortgage note from the bank

The contract governing the trade.

A physical attachment to the original note signed by the bank to transfer ownership to you. Large banks (Chase, BofA) rarely deal with individuals

More likely to negotiate on single notes. Large banks (Chase

Usually sell for 80%–95% of the balance.

Review the original Note and Deed of Trust. Ensure the "chain of assignment" is unbroken.