Generally speaking you will get more for your note dependent upon the following:
- Favorable credit history of the payer
- The greater amount of equity the owner (debtor) has in the property
- The longer it's been in existence
- The shorter the term to maturity
The best way to answer this question is to let us give you a quote. Click here to start that process.
What purchase options do you offer?
We offer several different purchase options to help fit your specific cash need. In addition, you will find that unlike other companies, we can tailor a purchase program to meet your specific needs by offering you unique options that others can’t. Click here for more details or call (800) 300-1467.
How long does it take to close my transaction?
It can vary but generally speaking 1 to 3 weeks. The more documentation you provide as soon as possible, the faster we can close.
What documentation do you require?
Here's a list of the items we generally require, although there may be more, and some of these items can be waived if not obtainable.
- Promissory Note or Contract for Deed
- Real Estate Security Instrument (Mortgage, Deed of Trust, etc.)
- Closing Statement signed by all parties
- Proof of adequate hazard insurance (unless unimproved land)
- Warranty Deed to the buyer (if applicable)
- Photographs of the subject property and/or and old appraisal (if available)
- Verifiable payment history (cancelled checks, deposit slips)
- Real Estate Sales & Purchase Contract
- Survey of subject property (if available)
- Mortgagee's Title Insurance Policy and/or Title Opinion from original transaction (if available)
- Appraisal (which we obtain)
- Title Insurance in Grand Bank's name (which we obtain)
What costs will I be responsible for?
Generally, the quote you receive will be the amount you actually net out of the transaction. All fees will be paid by Grand Bank.
Are you really a bank?
Yes, we're an FDIC insured, federal savings bank, that takes in deposits and originates and purchases loans nationwide. You can visit our bank's main website here: www.grandbankfsb.com