Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

28
Posts
5
Votes
Houston Pitts
  • Investor
  • McKinney, TX
5
Votes |
28
Posts

How do I Wholesale a Mortgage?

Houston Pitts
  • Investor
  • McKinney, TX
Posted

I bought a property in 2004. Later one of the renters wanted to buy it from me.  I sold it to him via owner finance.  Some years back he could no longer pay for the home and was moving away.  I took the house back for a fee.  I then financed it again to a new owner in 2015.  I am moving away and want to sell the note.  It has a balance of $16,421.07 at 12%, maturing on 11-15-2022.  It has been great income but I always wanted to be close to the property so I can check up on it from time to time.  I have never wholesaled or sold a mortgage.

 How do I sign over the documents and insure they follow the contract?

What is the best way to market this mortgage to another investor?  

Loading replies...