How long after I purchase the note will I receive the assignment/collateral from Watermark?
You will get the collateral in about 15 days. If you purchased a performing note the original assignment is sent to the recorder’s office for recording on your behalf. If you buy a non performing note YOU are getting a signed notarized assignment then you must send out the assignment for recording to the county recorder’s office for the property referenced in your note. (There are times when the assignment is not included and that is usually when we are waiting for a previous assignment in the assignment chain to come to us, so that the recording is completed in order).