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Updated almost 3 years ago,

User Stats

37
Posts
8
Votes
Jairus King
  • Professional
  • Fredericksburg, VA
8
Votes |
37
Posts

A mortgage note or A Purchase agreement?

Jairus King
  • Professional
  • Fredericksburg, VA
Posted

I am setting up my first owner financed property to a buyer. I was reviewing the options between putting the deed in the buyer's name or use a purchase agreement and keep it in the companies name. Ultimately I want to sell the performing note. If I were to use a purchase agreement would I approach note buyers with that? The only difference is the deed remains with the company until the balance is met. Sorry to sound so simple, I had been digging around and couldn't really find a straight answer. 

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