Dion DePaoli yes it was. Thanks. My interests sparked primarily from some personal friends asking me about selling their notes. I will call myself out on not being as clear, because I knew the contracts I would be looking at would be PSAs, but I was more specifically looking for the language used (Clauses/Addendums).
We currently place everything we do under a PSA with our various clauses to keep our options open, and give us the power as buyers/sellers. Just didn't know specifically what some may do as "Principals" aka "Buyers" on these notes.
Thanks for clarifying, but what I am really after is the language/clauses used in these PSAs from those that have done this before. I know there are investors out there that contract on these notes with PSAs, have their clauses/addendums, and turn around and assign or flip them to end buyers.
Heck, considering Transactional Funding, Title Holding Trusts, and Hard Money are my primary business, we even have the ability to close first, and then re-sell. Money is not the issue, just knowing how to appropriately structure these for best leverage.
Maybe this is beyond BP?