Seller Note Payoff.
Can I sell a note at a discount to the buyer? For instance, say I take a note for 10% of purcahse price for a house I own to help the buyer qualify. At a later date, say, 6 months, can I sell the note back to the buyer for whatever amount I choose? 
MArty
No Suggestions, anyone?
Only if your wife (or Mother) will let you.
Yes, you can do that. I'm hoping that this is not
some sort of financing scheme to skiirt a lender's financing requirementts. In which case, there's the chance (remote) that you may have to explain yourself to one of John Ashcroft's (AG) deputies.
No plan to 'skirt' any financing! Actually my buyer has something else i'd like to trade for and I'm willing to call the note paid for it. Really not any differeat then selling it at a discount to someone else.
All notes I create have the following clause:
"In the event the holder of this Note desires to Sell at a discount, Maker shall have 1st right of refusal"
If someone is carrying for me, at least once a year, I enclose a note with the payment, offering to buy at a discount, citing extra money, sale of ppty, tax refund etc.