Posted by Max-Va on June 15, 2006 at 10:02:21:
The process is simple just sign (notatized) a promissary note and secure it with a mortgage or deed of trust and record it at the county recorders office.
Now comes a question of what you are trying to do here. The way the note is structured; LTV, borrowers credit, play a major part as to what you can then do with the note.
I only have very little experience with the note business. I recomend Terry’s Paper into Gold which I found very great. I don’t think you could go wrong by purchasing any of the courses offered by the hosts of this board. I have met them and their infomation and knowledge is top notch.