Transferring a non-performing note

[Will H.]

Hello BP,

I currently own a non-performing note under a LLC, I would like to transfer my NPN to a different LLC. Can someone please tell me on how to begin this process? Thank you.

[Mike Hartzog]

An attorney is not required but one can be used if you don't mind the additional cost.  There is no magic involved here. As Andreas indicated, you can use the assignment and allonge documents used for the transfer from seller to your entity as a template.  Replace the specifics as appropriate.