Creating A Note
Hi,
I would like to know how you create a note.
Also, I want to know if it's possible to create a note from equity in my home and sell it rather than dealing with an equity line or loan. I realize this would be discounted, but getting a loan the traditional way has alot of closing costs and alot of hassle involved.
I'd really appreciate any info on this, and on how to go about creating a note.
Thanks 
I have a mortgage and a note on all of my properties taht is owned by one of my companies. I get letters in the mail all the time asking me if the company would be willing to sale the note to them.
I create the note when I create the mortgage. I got the forms from a book called 301 Legal Forms & Agreements.
Lori
[addsig]
Quote:
On 2004-02-13 20:59, kaschlegel wrote:
Hi,
I would like to know how you create a note.
Also, I want to know if it's possible to create a note from equity in my home and sell it rather than dealing with an equity line or loan. I realize this would be discounted, but getting a loan the traditional way has alot of closing costs and alot of hassle involved.
I'd really appreciate any info on this, and on how to go about creating a note.
Thanks <IMG SRC="images/forum/smilies/icon_rolleyes.gif">
You can do what you are suggesting. I am not sure that it will accomplish what you think. Care to share more or send me a private message and I can step you through the details. The discount might be higher than the closing costs.
John