Note purchase questions

[Charles Norman]

I need some help on how to find the right people at the bank and how to present a compelling offer to purchase a NPN. We have done the financial analysis, tracked the foreclosure and bankruptcy processes, spoken with the borrower and have very solid understanding of fair market value and risk of dealing with the borrower.

I have two investors who will be funding the purchase and have some questions on how to structure the deal such that one of the investors is the principal and the other is a private lender.

Can two individuals be named as fractional beneficiaries of the note after assignment? Can I couple that with an agreement that says if the bank agrees to sell the note, then at the time of transfer of title (either by trustee's deed, or deed-in-lieu), can one of the two individuals take ownership while the other is placed in 1st position with a deed of trust?

If anyone out there can help, I would greatly appreciate it.

Charlie