Scan your partial note buyout or whole-note sale for over-transfer language, missing reassignment mechanics, uncapped fee exposure, and default traps. Built from real 36-payment deals.
Tell us about the deal, then paste the contract. We'll flag risks specific to your role and deal type.
I can prepare a redline and addendum addressing these issues in 24-48 hours.
This scan is informational and highlights common contract risk patterns. For clause-by-clause edits, addendum drafting, or negotiation support, book a call or start an Upwork contract.
Buying or selling a slice of payments (not the whole note) introduces unique risks that standard templates often miss. These issues come from real deals we've reviewed.
The Assignment of Deed of Trust often uses "all beneficial interest" language even for partial deals. Once recorded, you're not on title - your retained interest exists only in an unrecorded contract.
"36 payments" can stretch forever if the borrower pays slowly. A real client asked: "36 months can be anytime of the initial 8 years?" Yes - without a calendar month cap, your retained stream waits indefinitely.
Many contracts allocate foreclosure costs from sale proceeds FIRST. If buyer spends $30K on enforcement and the property sells for $150K, your ~$110K residual shrinks before you see anything.
A real client asked: "How does title revert back? Who pays fees? How am I notified?" The contract said "shall assign back" but specified no deadline, no recording responsibility, no borrower notification process.
Watch for "Termination B" clauses that let buyer acquire your entire residual interest AT ANY TIME by paying the spread. The buyer controls timing, and you can't refuse.
A client asked: "Does [ROFR] mean only while under contract?" The Right of First Refusal on your retained payments may have no expiration - meaning you need buyer's blessing even after reassignment.
Colorado buyer + California property + California seller = problems. The contract picks buyer's state, but foreclosure follows property state law. An addendum may be needed.
"Net Sum" ($84K) ≠ "Purchase Price" ($68K). Net Sum is what buyer collects over time. Purchase Price is what you receive. The spread is buyer's yield - and it can grow if "Additional Expenses" are uncapped.
This scanner supports analysis of all these deal types:
30 minutes with an attorney who's reviewed hundreds of note transactions. Identify issues before they become expensive problems.