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What is the cost for posting my note for sale on The Note Clearinghouse website?
None. The purchaser and seller are both charged
a three percent (3%) transaction fee by the
Note Exchange at closing.
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What expenses are anticipated for the sale of my note?
In addition to the transaction fee, other expenses such as appraisal fees, tax certificates and escrow fees may be incurred to facilitate closing.
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Who
pays the additional fees?
The additional fees will be disclosed and allocated between the purchaser and seller during the contract phase of the transaction.
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Who will process the transaction?
The Note Clearinghouse will assist the purchaser and seller in exchanging the information necessary to close. The actual closing will be processed by an escrow agent agreeable to all parties.
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What
are The Note Clearinghouse's privacy guidelines?
The Note Clearinghouse's privacy policy may be viewed
by clicking
here.
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