Can I Buy My Own Note?...

[Brandon Sturgill]

Example: I have a seller-carrying a note/mortgage on a property held in my LLC...can I offer to purchase the note from her? What are the high-level details?

Thanks in advance. 

[Adam Adams]

You wouldn't really be buying your own note. You'd be doing a payoff. Any borrower can payoff a note early. Is there a servicer involved? You can ask for the early payoff amount. If you are trying to keep a lien on the asset, then you'd need to have it held by another company. So the other company would make the offer to buy the performing note, then it would transfer to the holding company. 

Is that what you were asking?