Purchasing a note with homebuyers $?
Hey Short Sale Pro,
If I obtain an approval on a note I'm requesting a discount on. Does it matter who actually pays the note....I do the negotiating but the buyer of the house that the note is on pays for it....I do the work and get paid a fee for my services.
Then the buyer gets financing on the house for just the 1st mortgage. then I get paid again through the down pymt/assignment fee for selling/assigning them the house.
Is this feasible? Also, what's the difference if any in a discounted note and a short sale?
Clif
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