Why The Note Clearinghouse? Terms/Privacy How it Works Ask a Question
Features & Benefits
1) Confidentiality -- All private information submitted the Note Exchange will be treated in a strictly confidential manner. Personal and financial information with regard to both purchasers and sellers is not disclosed until a price is agreed upon and relevant documentation is executed by all parties of interest. Parties of interest will have the ability to dictate what information is released by The Note Clearinghouse in connection with any given transaction.

2) Security -- The Note Clearinghouse is a secure site powered by its own standalone server. Any information submitted and posted is subject to the highest security.

3) Third Party Closing Administration -- All closings will be processed by a licensed escrow agent agreeable all parties to a transaction.

4) No Listing agreements -- Sellers can post their note information by simply filling out the seller's worksheet. The posting may be withdrawn any time prior to documentation execution for each transaction. Purchasers can self Qualify by filling out the Purchasers worksheet. Worksheet information will be verified to the satisfaction of all parties to any given transaction.

5) Documentation -- Both purchasers and Sellers have the ability to indicate their desire to provide Transaction Documentation on their respective worksheets. In the event that neither party has a preference The Note Clearinghouse will provide necessary documentation. The Note Clearinghouse will provide No circumvent and Transaction fee agreements on all transactions, which will be executed in the contract phase of each transaction. Be advised that attempts to circumvent The Note Clearinghouse will result in Deceptive Trade Actions by the Exchange.

6) Support -- The staff of the The Note Clearinghouse is available to support in the exchange of information and verification same as required by all parties.

7) Fees -- The Note Exchange does not earn it's transaction fee until closing occurs. Additional fees such as appraisal fees, tax certificates and escrow fees will be disclosed and allocated in the contract phase of the transaction. The set fee is 3% from the seller and 3% from the purchaser.

8) Flexibility -- Postings to the website are not considered binding until all relevant documentation has been executed and verified by all parties to the transaction.