Questionnaire about

the mortgage

you accepted to carry back
when you sold your previous house

What if you could get a lump sum of cash now - instead of the current small monthly payments?

You can! Private mortgages have value for investors.

Is yours for sale?

Picture of Mogens Eliasen My name is Mogens Eliasen (pronounced MOW-ence e-LEE-a-sen – it is Danish), and I am connected to people who buy private mortgages for cash. To them, it is an investment that is better than money in the bank - because it has real estate as collateral and give a larger return, without increasing the risk unreasonably.

I am talking to you as a home owner here - or at least a former owner of a piece of real estate. It could be a home, it could be a piece of undeveloped land, it could be a business. It could be located almost anywhere in the world, although there are some limitations - China and Cuba among them...

Please fill in the answers to the following questions and submit them to me, and I shall come back to you with an offer to buy your mortgage for cash!

Sincerely,

Mogens Eliasen

Here is the information I need to get from you:

(Please be aware that the fields below only show less than 30% of what you actually can write into them, so do not feel restricted in terms of space for your answers - all the fields will scroll when you "fill" them.)

1. Information about you - the owner of the mortgage you consider selling:

Your name and the name of any partners entitled to any proceeds from this mortgage:
Your current address:
Your city:	Your State/Province:
Your zip/postal code:	Your Country:
Your home phone number:	Your work phone number:
Did you take this mortgage as part of the payment for the piece of real estate you sold, or did you acquire it from someone else? Yes, I was the seller of the real estate, so this mortgage has not changed ownership before No, I bought this mortgage from the following:

2. Information about the mortgage itself:

What is the lien priority on the mortgage?
First mortgage
Second mortgage
Other:

What is the date this mortgage was created/signed?

Year:

Month:

Date:

What is the date of the first payment on this mortgage?

Year:

Month:

Date:

What was the total amount originally borrowed by the buyer on this mortgage?

- and what was the interest rate?

What payment schedule was set up for this mortgage?
Monthly
Quarterly
Semi-annually
Annually
Other, please explain details below:

Are the payments interest only?
No, they are combined interest and payments on the principal
Yes, and the due date for the principal is given below:

What is the size of the payments, not including any taxes or insurance?

What is the amortization period (total pay-off period) of this mortgage?

Is it fully amortized?
Yes, this mortgage is fully amortized and gets paid off in full by the scheduled payments
No, there are balloon payments due on the dates and in the amounts given below:

Have you been receiving payments on time for the last year?
Yes, within the last year, all payments have been on time
All payments have been on time, but the mortgage isn't a year old yet...
Most payments have been on time, although a few have been late
I have received all payments, but generally only with delay and some hassle
No, the payments have generally not been on time, and I have considered taking legal action
No, the loan is in default and foreclosure is an option

Note: none of the above options will disqualify your mortgage for sale - but they will impact the price.

3. Information about the sale of the property subject to this mortgage:

Date for the sale of the property:

Year:

Month:

Date:

Sale price of Property:

Cash Down Payment:

Total amount financed (subtract the two numbers above):

Amount borrowed (or assumed) by the buyer on First Mortgage on date of sale:

Amount borrowed by the buyer (if any) on Second Mortgage on date of sale:

Total debt on the property on date of sale (add the two numbers above):

Note: If the two numbers at the bottom of the two columns above are not the same, please go over your numbers again and correct the error that has sneaked in...

4. Information about the property that is pledged on the mortgage:

The name(s) of the person(s) paying this mortgage:
The address of the property:
City:	State/Province:
Zip/postal:	Country:
Type of property: Private home Half Duplex Single apartment of triplex or Quadruplex House with 2-4 apartments Apartment building with 5 or more apartments Townhouse Condominium Mobile home - make: year: size: Commercial property, please describe: Undeveloped land Land ready to build on
Please describe the features of the property:
Number of bedrooms:	Number of bathrooms:
Number of garages:	Number of other buildings:
Any special features that would impact the value of the property:
What is the current use of the property? Owner occupied Rented out Vacant

5. Information about the mortgage(s) that have a lien of higher priority that the mortgage you want to sell:

If your mortgage is a first mortgage with no other liens before it, you can skip this section.

If your mortgage is a second mortgage, please fill in the information below about the first mortgage ahead of it.

If there is more than one such mortgage ahead of yours in the lien priority, you do the following:

Submit the entire form once with all the information, selecting the first one of the prior mortgages to be described below.
Then use your browser's back button to get back to this form again. Clear all fields and fill in only this section, this time for the next mortgage ahead of yours. There is no need to repeat the information you already submitted, except your name and e-mail address.
Repeat the step above for each mortgage that has a lien ahead of yours. You can ignore any liens that have a lower priority than yours.

What is the lien priority on this mortgage in front of yours?
First mortgage
Second mortgage
Other: