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Updated over 15 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Columbus, OH
2
Votes |
15
Posts

A Note I Found...

Account Closed
  • Real Estate Investor
  • Columbus, OH
Posted

I have recently found a note for sale where the payor and payee are working together to try and sell their second (private) mortgage. Both are aware that the note would be discounted if sold, so the payor is willing to cover the discount in order to "buy out" the payee. The note is performing, but the payee just wants out of the equation as they originally agreed. Is a note in a situation like this even worth the time?

Thanks in advance

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