When we prepare an offer for your note, we'll need as much info as you have about the property securing the note, the borrower, and the info about the note.
This checklist is to let you know that type of info we'll need to make an offer for you.
The more of these docs you have, the faster/easier the sellling process with go.
1. Personal information about the BORROWER - As of the origination date
Identification
Government-issued ID (driver's license or passport).
Social Security number of the borrower
2. Borrower's Income & employment.
Pay stubs
W-2 forms.
Tax returns
Federal returns (last two years). Include schedules and business returns if self-employed.
Other income proof
Documentation for alimony, child support, Social Security benefits, etc.
3. Assets
Bank statements
Checking, savings, and investment statements (last 2–3 months).
Asset statements
Statements for 401(k), IRA, or other investments.
4. Debts & special items
Debt information
List of debts: student loans, car loans, credit card balances, etc.
5. Rental history (if requested)
Landlord information
Name, address, and phone number of your landlord.
Rental payment proof
Evidence of on-time payments (receipts, canceled checks, or bank statements).
Tip: lenders sometimes ask for additional or alternate documents depending on your situation. If self-employed, expect to provide more detailed business paperwork. Keep copies and a secure digital backup.
6. Info about the PROPERTY
Property Address
Appraised Value (as of the origination date)
7. Info about the NOTE
Create Date
Date Recorded
Term (how long will there be payments).
Interest Rate
Is there a balloon payment? If so, date the balloon is due.