I want to sell a private mortgage note

[Maureen Hannan]

Hello All,

I would really welcome advice from anyone experienced in mortgage brokering. I hold the note on a home in Arlington, VA. The amount of the note is $420K, and the home is currently valued at roughly $450K. (That is a best guess, from comps and Zillow--I have not yet sent an appraiser out to get a precise, current valuation.) I asked the borrower to give me permission to have a credit check done on him for the purposes of exploring selling the note. He refused.

What does one do when the borrower will not acquiesce to the credit check??? How should I move forward on exploring selling this note?

Thanks,
Maureen