Posted by David Butler on February 06, 2002 at 13:42:05:
Hey, very reasonable question, but the context in which you ask it is pretty broad. However, the solutions are at your fingertips. There has been extensive discussion related to this subject right here in the Cash Flow Forum.
Best way to address your issues here is to suggest that you take advantage of the “Search” feature prominently displayed at the top of this Forum, and enter the various keywords that will bring up the answers for you. These would include “creating notes”, “creating notes for sale”, “simultaneous closing”, “table funding”, “seller-exemption”, “manufactured notes”, “best terms for creating a note”, “prepayment penalties”, “late payment penalties”, “Soldier-Sailor Relief Act”, and similar phrases.
You will find a cornucopia of information that should steer you directly where you want to go with this endeavor, in relation to your objectives, and with what is permissible in your state with regard to note creation!
Hope that helps, and Happy Hunting
David P. Butler