When you are purchasing a Note from a Seller you want to let the Homeowner know you are the new Mortgagor/Note Holder and you do this by way of a Hello Letter. In the Hello Letter, you are letting the property owner know who you are, that payments are to be made to you moving forward, and where to send these payments. This letter is typically sent out with a Goodbye letter from the Seller of the Note.
You can use this as a guideline to write your own and make it work for you. This information should not be considered legal advice. Please seek legal counsel before using any of the information or examples of documents posted on our site. Every state has its own laws, rules and regulations, we are based in Texas and follow its guidelines. I hope you find this information helpful. If you are interested in selling a note we might be your buyer. Please feel to contact us and we will make you an offer.
Best of Luck,