As a side note, my addendum has numerous weasel clauses that I don't really need.

d) what's the possible selling price vs. what you owe on the note?e

Take notes and get business cards of buyers and start forming your buyers list for wholesaling.

They would prefer the homeowner cure the default and have a performing note then selling short.

On anohter note.

Our goals as a company are to branch out into Rehabbing and Flipping Apartment Buildeings, New Home Construction (once the economy rebounds), 1031 Exchanges, REO brokering, etc.I am wondering if this forum has any information on people selling mortgage notes?

The seller-financer does not file the deed unless the buyer defaults on the note.

Note: Please do note that when some of these programs state that it is a single-family program they are speaking of 1 to 4 unit properties.

Will the lender be requiring to see proof of funds to make the note current or proof of funds to purchase the entire loan?

It cost $495 to start and is registered with the BBB, and as far as being a note broker goes I'm going to go with Wes-State it requires $149 to start gives you access to Note Holders (they don't know if they're selling, but knows they have notes), Investors who'll pay 5-10% for locating a note for sale that they buy, and the chance to partner up with company, if you tell them about a note and they buy it they'll split the profits 50/50, and it's registered with the BBB.