Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

2
Posts
0
Votes
Bradley S.
  • Tampa, FL
0
Votes |
2
Posts

Help buying a note

Bradley S.
  • Tampa, FL
Posted

Hello all. I am a fairly experienced real estate investor with no experience purchasing notes. I have come across a property in Tampa, Florida that was sold with seller financing a few years ago. The owner has since defaulted on the note and the note owner is willing to sell at a significant discount. We have reached an agreement on price, but I don't know where to go from here.

My understanding is that I need to purchase the note and receive an assignment of the mortgage. Does anyone have a contract that they use for this, or an attorney in Florida who is familiar with buying notes at a discount? The real estate attorneys that I know focus on foreclosure defense.

Thanks in advance for any assistance!

Brad

Loading replies...