Buying 1st Note - What does seller sign?

[ Follow Ups ] [ Post Followup ] [ CREOnline Cash Flow Q&A ]

Posted by SteveCtx on October 08, 2009 at 13:11:08:

Hey folks, I normally just buy houses but found a house with a discountable note. I'm working with the note holder to pay off a $60k note for $30k on a $100k house. There's other intricacies here, but if I want buy the note, what is the first form I need him (note holder) to sign? Obviously not a payoff but is it an assignment of note or what?

I presume that paperwork is taken to my favorite Title Company and closed ... correct?

Thanks for the comments.
Steve


Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

[ Follow Ups ] [ Post Followup ] [ CREOnline Cash Flow Q&A ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com