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Updated almost 7 years ago,
Purchasing an Owner Financed Mortgage/Note
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.