Costs Involved: Nothing. All appraisal, title insurance, recording, and any other fees will be paid by Fidelity Bank of Florida.
Application Process: This transaction can be completed quickly and confidentiality through the mail, by fax, phone, or in person.
Mortgage Reselling: For years, individuals have been selling mortgages as a quick and easy way to obtain cash.
Upon receipt of all your basic information, we can give you a quick estimate of the price that we will pay for your mortgage. Usually, the price will be a NET price to you. Any and all fees, such as title insurance, recording, and appraisals will be paid by Fidelity Bank of Florida. When we agree on a firm price, Fidelity Bank will send you a simple contract to sign. |
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After the contract is signed, we will quickly perform a title search and an appraisal, or any other necessary analysis of the property. Also, we will require the payees on the mortgage to verify the balance on the mortgage and confirm that their figures agree with your figures.
Typically, the closing will ocur at a title insurance company or lawyer's office close to where you live. You will provide the original promissory note and original recorded mortgage and sign the assignment of mortgage. You will receive a check for your mortgage. It's just that simple! |
Rest assured that we will take care of answering all of your questions and concerns so that you feel confident with your decisions. |
