Posted by Marc Faulkner on October 10, 2009 at 09:57:41:
In Reply to: Buying 1st Note - What does seller sign? posted by SteveCtx on October 08, 2009 at 13:11:08:
First you would sign a Purchase Agreement and then an assignment. Make sure to get a proper endorsement by having the seller write, "Pay to the order of YOU" and signing on the back of the Promissory Note. Yes I would use your favorite title company to close the transaction and make sure you get a lenders title policy.