I bought a property in 2004. Later one of the renters wanted to buy it from me. I sold it to him via owner finance. Some years back he could no longer pay for the home and was moving away. I took the house back for a fee. I then financed it again to a new owner in 2015. I am moving away and want to sell the note. It has a balance of $16,421.07 at 12%, maturing on 11-15-2022. It has been great income but I always wanted to be close to the property so I can check up on it from time to time. I have never wholesaled or sold a mortgage.
How do I sign over the documents and insure they follow the contract?
What is the best way to market this mortgage to another investor?
Still struggling with this issue Mr Pitts? Let me know...