Generally speaking most note holders are in a hurry to close. In the real estate business it doesn’t matter if you are selling homes or buying notes, no one makes a living when transactions languish between the acceptance of an offer and closing. One of our biggest challenges is constructing a complete file for our underwriter with all the necessary documents. If you decide to sell your note, be sure and take into careful consideration that you will need to produce some very important documents that may not currently be readily available. For example, a copy of the deed, the note, pay history, buyer’s social security number, settlement statement and possibly many other documents depending on the property type and investor. In our current economic condition, investors are more risk averse and seem to be requiring more information than ever before.