Help With Deal

[Terone Johnson]

Hi everyone, I have a deal on the table that I am about to make an offer on from a connection of mine in the Indianapolis area. This deal is not on the market it is just through a connection of mine. This particular connection is looking to sale this property at a very low rate but says I would have to "quiet" the note by paying a lawyer $900 to quiet the note. I will be looking to wholesale these investment properties to investors/flippers in the Indianapolis area and I would also be willing to partner up with another wholesaler in the area that is already good and established to do a Joint Venture deal. Does anyone know what he is referring to by quieting this note? This particular property needs a lot of work but is worth the return. The other property needs less work and doesn't have this problem. He mentioned that quieting the note means there is a lean on the property but the mortgage company has written this off and all I'd need to do is quiet the note or have my end buyer quiet the note? Any suggestions and insight would be very valuable to me at this time. And I look forward to making a deal here soon, hopefully someone one bigger pockets is interested. Two single families. Thanks for your help! Terone Johnson