Purchasing an Owner Financed Mortgage/Note

[JohnPaul Pacheco]

Is there a standard agreement to transfer the purchase of notes receivable to my name? I've yet to turn up anything for a situation like this.  

I came across several Owner Financed properties that I am attempting to purchase. Simply put, the seller holds the mortgage on these properties. I intend to purchase the principle and interest amount owed to the seller. I hope that makes sense. I'm in Texas and would appreciate any information on how to successfully make this transaction. 

[Paul Vincent]

You need an assignment.  If you're going to do this for the long-term, it's worth talking to a real estate lawyer and spending a few bucks to get it done properly until you know the procedure.   Go get'em.