Posted by Stacy (AZ) on January 11, 1999 at 12:10:20:
You will probably get the best deal if you can find a local note buyer. Look in the real estate finance section of your local Sunday paper.
Failing this, you can post your note for free on one of the internet note sites, such as America’s Note Network:
It would be best if you didn’t mention the minimum amount for which you would be willing to sell. Also, once you start working with an interested buyer or two, ask them how to structure the note so it’s worth more. For example, balloon or not, short term vs. long, interest rate, Loan To Value requirements, etc.