Brokering a Note

[Jason F]

I have some investors that work with me on financing foreclosures that have expressed interest in purchasing discounted paper through me if I can learn the process.

I know how to find discounted notes and value these notes and contact the owners. I'm a little unclear on the actual process of having the interest in these notes assigned.

I know it involves an basic assignment of note, having the named-insured on the insurance policy changed, and notifying the borrower of the change. Am I missing something? Can most title companies take care of this or would it be wise to go to an attorney to handle these?

And how exactly do I structure my fee? I'm guessing it is an investment agreement between my investors and I outlining my finder's fee if the closing takes place.

If anyone can help me out on these details it would be much appreciated. If you have any copies of old docs and agreements you used that would be really appreciated. I'm really trying to avoid paying for a NOTE course or buying a book that will most likely be fluff.

Thanks in advance.