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Inform your existing Note Payor, after you have accepted a cash-purchase-quotation and due diligence is accepted, that you intend to sell your Promissory Note of which he is the payor.
Real estate notes can be used as collateral if the property is owned outright or if there is sufficient equity that can be borrowed against. Sometimes, the seller will require it to be written to their agent's company.
The Bright Hub article, Real Estate Contracts: Seller is Late Closing What Happens Next.
One thing to consider is that law firms are typically broken down into partners and associates. Would it be worth that to recover a good share of the money you have spent for however long the two of you have owned the home.
The Bright Hub article, Real Estate Contracts: Seller is Late Closing What Happens Next.
The owner took advantage of a young person with not so great credit and very little income to convince him he could own a home. How long have you been practicing.
