Posted by Mark-NC on January 23, 2000 at 07:54:19:
Notes or commonly called a “promissory note” are typicaly a document that is used for owner financing a property. That particular Note can be sold to a notebuyer for cash. However they are bought at a discount from the face value of the note. Once the note buyer buys the note the payments are then assigned to the note buyer instead of the original holder of the note. This will cash out the holder of the note and they are no longer a lien holder on the property.
As far as a list of mortgage companys for NC a good Mortgage broker will be your best bet. If you can’t find one e mail me I know of some you can contact.