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FIXnotes
October 1, 2026 · Robert Hytha

Closing the Deal

Most note investors spend weeks on due diligence and then rush through the closing — but the purchase and sale agreement and what happens after funding.

Ep. 590:00
5:48
  • What you'll learn:

  • Why the seller named in the purchase agreement must match the most recent recorded assignee — and what to do if they don't

  • The difference between the closing date and the cutoff date — and why getting it wrong causes payment disputes after the fact

  • Why the representations and warranties section is the most important thing to read in any loan purchase agreement — and what to look for

  • How the repurchase provision works — and why buying as-is without one changes how aggressively you should price the deal

  • Why recording your assignment of mortgage immediately after closing is the last step that fully completes your acquisition

Free Note Investor Workshop

Learn notes by pricing one.

Analyze a training loan modeled on a real deal, then submit practice offers on loans that actually sold.

  • No credit card
  • No email needed to start
  • 7 steps · about 70 min
The workshop’s training loan on FIXnotes: a non-performing second lien with its balance, borrower and equity waterfall