Posted by John Corey on March 16, 2006 at 02:30:12:
You would be selling your note and the security for that note. In this case you are selling a land contract which is likely one document and represents the promise to pay. You would also be transferring the title to the property to the note buyer. If the borrower pays as promised the title then goes on to the borrower. If not the title goes to the buyer of the land contract.
Now, it is possible to sell less than 100% of the land contract. That might not apply in this situation if you really want to sell the full contact. I am just noting that it is possible.
If you want a specific quote for the note send me an email and we can review the details.