A
A Boek
Guest
....I am a mortgage agent in California.............I have found a customer who wants to sell a $38K note..........on two pieces of property on the coast. The properties are commercial and have improvements...............Both notes are held by a corporation set up exclusively to hold interest in the notes....The entire value of the notes are represented by 7,000 shares in 1,000 share lots at $38,000. One of the 1,000 share holders is eager to sell her interest.....at a fair profit to our office. My broker is concerned that this may not be a real estate transaction but a stock sale.........I say the corporation is nothing more that a seperate enity holding interest in the notes.....but even our title company...........is not sure how they would transfer title to our new buyer....anyone have any suggestions...........to agents @gimcloans.com..........and or [email protected] please.......
Thanks