As for the question about funding notes at closing, there may be some private folks out there that may still practicipate in this but, no institutions that I am aware of any more.

Also try the FDIC institution directory.

It is a royal pain in the rear if you need more than 6 months.

But, I only know of one that offers their own in house financing (I am sure there are many others) and this one company offers their financing as interest only which I think is ridiculous - but I'm not who they are offering the financing to.As far as I know, most of the other financing comes from Thrift & Loan institutions and they are writing loans for investors who CANNOT get loans elsewhere such as offering non-recourse lending on SDIRA accts., self employed buyers and owners who have more than 10 properties financed.

I probably spoke to 15 different lending institutions before I found one that would give me a loan on properties 5-10. 2.

Does not matter whether the financing came from a private lender or an institutional lender.

I ran into the same issue with Navy Fed when I was looking for financing for our first property and that's 100% a choice by the lending institution, presumably to mitigate risk.

The asset management companies have relationships with various mortgage companies or lending institutions.

Original Borrower is deceased and heirs aren't sure if it was paid off or not as they have no record of a discharge.So this one might be at WF but I'm checking with you guys to see if there might be any other financial institution whose servicing old HSB loans.

You may have more luck with local lending institutions, so definitely look into that option.A few other options for you:1. private loans - see if you can find a passive investor who would like an equity stake in the property.