Note for sale

• Property:  Richmond, TX (SFR)
• Position: 2nd lien (subordinate to ~$521,250 first, current)
• UPB: $104,250
• Rate (stepped): 8.25% (months 1–12) → 10.25% (13–24) → 11.25% (25–60)
• Amortization / Maturity: 30-year amortization; balloon 08/01/2030
• Escrows: None (borrower pays taxes/insurance directly)
• Appraisal (Jul 2025): $711,000
• Asking: $93,000–$95,000 (open to structure)

I can provide the full package (Executed Promissory Note, Second Deed of Trust, Amortization Schedule, Closing Disclosure, Appraisal, Borrower Acknowledgment) after we align on process and confidentiality.

Could you please outline:

1. Go-to-market plan: how you’ll source qualified buyers (channels, outreach), and what materials you need from me.
2. Timeline: typical milestones from engagement → buyer intro → DD → closing.
3. Fees: success fee vs. retainer, any minimums, who pays, and when fees are due.
4. Confidentiality: NDA/NCND terms; how you protect data and restrict re-marketing.
5. Buyer vetting: proof of funds, experience with seconds, expected yield targets.
6. Closing mechanics: title/escrow, assignment steps, who drafts PSA, and who pays closing costs.
7. Reporting: how often you update on outreach and buyer interest.

If you’re aligned, I’m happy to sign your NDA and send the document set immediately. Let me know the best next step and any templates you prefer.