Posted by Jon Richards on April 19, 2002 at 20:52:49:
Here I hope are the answers to your questions.
Certainly the forms in New York can be obtained from whatever entity does the closings and recording in your state. In CA we use title and escrow companies and they freely provide forms. I recommend you check with them. Some states use attorneys to do the legal work, and I’m sure they have inexpensive forms as well.
Seconds have very little value on the secondary market; unless they are almost as large as the first, and there is good loan to value.
Due on sale clauses do not make a note more valuable for sale. When an investor buys a note at a discount, he or she generally does not want it to be paid off early. In fact, it would be more valuable to add a large (legal) pre payment penalty.
Notes can be sold nationally. There are many national note buyers. Go to www.nbdc.net.
Hope that helps,and best of luck.
PS: The shift key on the left side of your key board.
415 824 1864