Updated over 8 years ago on . Most recent reply
How do I Wholesale a Mortgage?
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?