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Amortization Calculator

 

 

Click to access Calculator     Loan Calculator for Creating Various Payment Structures 

calculator      

 

Watch this Video on How to Use the Calculator

     


     

Seller Net Sheet

  


Seller's Net Sheet                 
Listed Price Choice #1 Choice #2 Choice #3    
      Realtor 6 -12 month Closing 30-Day Closing Pretty Home Weekend Sale Subject-To Sale    
      or For Sale By Owner     4-Weeks to Closing    
      Months to closing Total Costs to Sell Months  Total Costs to Sell  Months Total Costs to Sell    
Online Marketing cost          
Holding cost    
Negotiated Price Discount          
Repair cost          
Credits          
Real Estate Agent %          
Seller Closing Costs   1%      
Additional Closing Costs          
Other Costs  $                       -            
                     
Total Gross Sale            
Total Cost            
Total Net To Seller            
                   
                   
Mortgage/tax Payoffs            
Net Cash to Seller at Closing         months
         
     
  Property Tax Calculation      
  Total Yearly Property Taxes      
  # of months since last taxes paid      
  Seller owed Taxes at closing      
     
*Realtor is a Trademark owned by The National Association of Realtors      
Copyright 2007 Alexander: All rights reserved to this calculator and scripting code      

     


 
     

How to Assign a Note and Deed of Trust

By John Alexander

Two Steps are involved in the process

1. Record a notarized "Assignment of Deed of Trust" with the local County courthouse.

2. Have the seller endorse the note over to your name by signing an endorsement on the back of the note document.

3. Have the seller of the note, send an Estoppel letter to the note payer to establish that balance they owe. It can also protect you should there be a disagreement on the balance the payer thinks they owe. Endorsement on Notes To endorse a note, it is done much the same way as a bank check endorsement. In this example,

Bob is assigning his note and mortgage over to Tom Smith. Have the seller fill in the following on the backside of the note:

Oct. 1, 2015 Pay to the order of Tom Smith, a single man. _______________________ Bob Thomas.

An endorsement alone does not stop the “Guarantor” status of the original note holder, in this case Bob Thomas. This means that if the note is not paid by the payor listed on the note, the note holder (Bob Thomas) must make the payments. It works much like a co-signor would. If you are the note holder and you want to sell or transfer a note to another person, always include these extra words to eliminate the guarantor status and protect yourself from certain legal problems that could arise.

Oct. 1, 2015 Without Recourse, pay to the order of Tom Smith, a single man. ___________________________________ Bob Thomas     




     

 

   
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