Don't blame you for fleeing the risk of paper securities!

Put your terms and intentions on paper and both of you sign it.  

For anyone venturing into this thread.While I did decide to go with PNC Bank (got all my paper work and talking to them today to do an application. fingers crossed), I had a follow up call yesterday from WF. 

FHA loans are more paper work and do take longer but not THAT much longer. 

Wrote check to realtor company, signed all papers.

I like to restructure debt (I call it rehabbing the paper, not the house) as well.I've had an interest in notes (performing at first) but am afraid of the tax hit.  

Have tried email and paper flyers to top 50 commercial agents (that's about all we have here), calls to agents, on Loopnet and local MLS.

I told him I knew about it and my wife and I signed papers to guarantee the loan.My in-law thought it would be a great idea to rent out the remaining two bedrooms to university students if she could buy it through our company.

The process I have heard of is setting a date, advertise it, and hold some open houses, and at the auction have a piece of paper listing bids and names.  

But that can dramatically reduce your payments and make you look much better on paper.