If you purchase the note, that would be done prior to making a deal with the borrower so offering $5k would not be up to the current mortgagee, you would be the owner and could offer and do what ever you want....after you own it.Additionally, the suggestion above was a little light on conviction, if the note is lost, take care to ensure you have proper endorsements and gain ownership.

Hello, I am new to Bigger Pockets and the whole real estate investing game in general, but I love googling stuff, so that's what I did.Here are the results of my googling efforts -- These scripts are just free docs I found strewn around the internet and are in no way being endorsed by me or anything like that (I haven't even tried using any of them yet!)."

In one of the more secured structures, the note along with an assignment and a note endorsement are all executed and put into an escrow for the benefit of the credit provider upon contract breach.

I honestly could see this being endorsed by some VERY powerful people. 

just because they are on the this site is not an endorsement of them..

Maybe you should spend some real money since you're rolling large and then call the TX REA and then hire an attorney.Another of my personal vendettas - I get clients that use free stuff they download and get really screwed over, so if I don't endorse it, understand why. 

Most landlord policies offer this as an endorsement to the policy.

If you decide to joint venture in buying a note with someone be sure you are listed on the Assignment of Mortgage (or Deed of Trust), Note Endorsement/Allonge, and other documents that prove ownership.

I know you were always very encouraging and enthusiastic in your endorsements of Scott.

I second @Bob E. endorsement of Sonia of Prestige Property (and Midwest Executive Realty), she's a great resource for Milwaukee investors.