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Updated over 10 years ago on . Most recent reply

Eli M.'s profile image
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Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.'s profile image
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Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.
  • Investor
  • Brooklyn, NY
12
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231
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Tax Liens & Mortgage Notes

Mortgage assignment

Eli M.
  • Investor
  • Brooklyn, NY
Posted

I have a mortgage against a certain property in Philadelphia, i was wondering how can i sell/assign my mortgage to a third party ?

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Eli M.'s profile image
Eli M.'s profile image
Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.'s profile image
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Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.
  • Investor
  • Brooklyn, NY
12
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231
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Eli M.
  • Investor
  • Brooklyn, NY
Replied
Originally posted by @Dion DePaoli:

You sell the loan with a contract with a willing buyer. The assignment and endorsement is a function of sale. Happens every day. Not sure if you had a more specific question. There are no restrictions likely on your loan to sell. Not sure what the objection above was about, but it's very normal.

 thank you ! my question was if anybody knows a specific trustworthy company who buys such notes ?

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