What is the benefit of an estate buying a secondary mortgage promissory note from a bank?

I assume he is trying to buy the note at a discount, as opposed to paying off the mortgage debt altogether.

What is buying the note in mortgage - real estate terms?

Most likely the attorney was trying to get a discount - if you pay off the mortgage, you pay everything that is owed; if you buy the note (that is...

How do I remove a lien filed by a subcontractor? I already paid the contractor and never knew he subbed out part of the job.

Mechanic's Liens are a big stick and get the land owner's attention like little else. They are also a creature of statute and must be followed to...

I clean my shotgun in my driveway and really do not mind if my neighbors or passersby know that it is clean and ready for use. By the way, it is...

How do I remove my wife from the deed now that she has abandoned the marriage, left the county, and is non-responsive?

In a perfect world you would have a notarized durable power of attorney from your wife which would allow you to deal with the real estate in her...

I need off my home loan my partner wants to keep the house but i need off i been out on disablity should file for bankcrupy

Without any of the details, you might want to "sell" the house to her and have her take out a new loan so that when the smoke clears, she alone is...

There is no rhyme or reason why some properties do or do not go to sheriff sale, but unless the case was ended by the lender with prejudice, there...

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How can we save our house. Its a long story but it has been going on for almost 5 yrs now. Our loan was with bank of america and

I am confused as there is no Sheriff Sale foreclosure date of July 15, 2014 in Delaware County - do you possibly mean you have an Eviction Date of...

First mortgage paid second mortgage not paid since July of 2008.

You should discuss the entire situation with a local attorney experienced in foreclosure soon. Please see my answer to your earlier post.

Second mortgage foreclosure after winning against first mortgage foreclosure.

I read your comments about the earlier foreclosure - did the lender mark the loan satisfied or just satisfy the mortgage? As to the second, the...