How do I sell a note?

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Posted by Rick Shepard on September 24, 2009 at 12:57:26:
We bought a house using owner financing, with the right to resell for $11,000 and we put $2,000 down and $250/month with the balance of $8,000 due in 120 days. We then sold the house for $17,000, taking $4,000 down and $530/mo, the balance is currently at $12,750. The end of our 120 days is coming up and while the original seller would probably extend it, we would rather cash her out. We do not have the credit for any type of loan. What do we do?

Follow Ups:

Re: How do I sell a note? Scott Phillips 08:17:19 10/02/09 (0)

Never wrap short term debt... Michael Morrongiello 01:40:22 09/27/09 (0)

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