I know that there is simply an assignment of mortgage recorded at the recorders office and am sure that I would get a copy of the origional signed mortgage but I am not sure if there is anything additional involved.
On a business note sale, you'd want an Assignment of Note & Security Interest, and you can probably find and print a free form on internet.
Also you'll probably want an estoppel letter from note holder and note payor so you know the deal holds no ugly surprises for an unwary buyer of the note.
I've been amazed how many free legal forms, and pretty good ones at that, are online. So I advise you to check and see if the forms you want can be found online, free. Probably so.
Just the other day I found and used a document that would have probably taken me a couple of hours of intense work to draft, and I sure was glad to find it readymade.
I just needed to make a few modifications to fit my deal and I was ready to go.
I know that there is simply an assignment of mortgage recorded at the recorders office and am sure that I would get a copy of the origional signed mortgage but I am not sure if there is anything additional involved.
I am specifically interested in business notes(originally seller carrying back paper on sale of business).
On a business note sale, you'd want an Assignment of Note & Security Interest, and you can probably find and print a free form on internet.
Also you'll probably want an estoppel letter from note holder and note payor so you know the deal holds no ugly surprises for an unwary buyer of the note.
I've been amazed how many free legal forms, and pretty good ones at that, are online. So I advise you to check and see if the forms you want can be found online, free. Probably so.
Just the other day I found and used a document that would have probably taken me a couple of hours of intense work to draft, and I sure was glad to find it readymade.
I just needed to make a few modifications to fit my deal and I was ready to go.