How Do I Approach A Note Holder?

I am interested in a duilding on the lot next to mine. In checking I see that someone bought it in 2005 and has since done little with it. They have a mortgage from a hard money lender who had to do a modification/extension on the note this year and now requires monthly payments.

I would like to buy the Note but am not sure how to go about it.

Should I just contact the Note holder and ask to buy the note? Or should I just contact the owner with an offer? Is there anyway other than via the note holder to know if the note is in default

Comments(1)

  • cjmazur7th July, 2007

    you might wasntto see if permits are be approve w/ the city/county.

    ou can either write them a letter or call then. I have als used my atty to write the letter

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