Wednesday, April 11, 2007

"Have Your Cake and More Cake"

One of the real miracles of the private paper industry is the possibility of purchasing or selling only a part of the note! This maneuver is known as a partial purchase, or a "partial," and refers to a transaction in which the owner of a private mortgage note sells, and a buyer purchases, less than the entire indebtedness owned by the seller.

Using the partial technique, you can have your cake and eat it too -- in fact, you can eat your cake and wind up with more cake!


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