What is the Legal Form to purchase a mortgage note? - Posted by george

import · January 21, 2000, 5:29pm

Posted by george on January 22, 2000 at 24:05:07:

thanks

import · January 21, 2000, 5:29pm

Posted by george on January 21, 2000 at 18:29:41:

How do you purchase a note from somebody? Is there a generic legal form that works in NY?

import · January 21, 2000, 10:36pm

Re: What is the Legal Form to purchase a mortgage note? - Posted by John Behle

Posted by John Behle on January 21, 2000 at 23:36:51:

A title company or attorney ought to help with the transfer. A mortgage or trust deed note consist of two documents.

The note - an IOU or promise to pay. This can be endorsed just like you would a check.

The security instrument. This is generally a trust deed or a mortgage. This document is assigned through an “Assignment of Trust Deed” or “Assignment of Mortgage”. It is a simple form that any decent title company or real estate attorney should have available.

import · January 21, 2000, 9:38pm

Re: What is the Legal Form to purchase a mortgage note? - Posted by chris

Posted by chris on January 21, 2000 at 22:38:08:

See if this is what you are looking for. You need Adobe Acrobat Reader to view it(free download).

http://www.legalwiz.com/notepurch.pdf

-Chris