Not only do you get to use our modern transaction engine, but we've also tried to include any real-world costs that are a part of any note transaction (online or offline) into a single cost-effective fee. Every transaction on Paperstac includes the following:
Escrow Included (on $100K+ transactions)
Paperstac will cover all escrow costs on transactions with a sale price over $100K (a $890+ value*). If your transaction is below $100K, then each party (buyer and seller) will need to pay $250 for escrow, or you can opt to skip escrow altogether for no additional charge.
Collateral Audit Report
A collateral audit report from a 3rd party vendor is provided. The audit consists of analyzing the seller's physical collateral file and determining the authenticity of what is included (original note, mortgage, title policy, etc).
Paperstac provides FedEx shipping labels for both the shipment of the collateral file from the seller to the auditor, and from the auditor to the buyer.
Get a digital notarization (valid in 49 states excluding Iowa) on the Assignment of Mortgage via an interactive video chat with an online notary. Not only is a eNotarization more convenient than visiting a traditional notary, but it is also more secure!
Paperstac provides a convenient electronic signature service for all documents.
*Escrow value based on $100,000 purchase price using escrow.com service.