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Updated almost 17 years ago,

User Stats

173
Posts
16
Votes
Calvin N.
  • Georgia
16
Votes |
173
Posts

Buying a note: use a contract or bill of sale?

Calvin N.
  • Georgia
Posted

I have reached an agreement with a company that is holding a non perfomring note. It is the first mortgage on the property. I understand that I will have to file the foreclosure on the home and have an attorney that I am meeting with Friday to handle that. Do you use a standard real estate contract to buy a note or just a bill of sale? Thank you for your helpful input.

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