but how do I ENFORCE an option on a note?

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Posted by Ron Derwillager on July 07, 2003 at 02:13:11:

Folks,

I have a hypothetical question: suppose I take an option to buy a note. Supposed further that this note is not secured by real property, but is a business note or a note on a mobile home.

How do I enforce the option? What if the noteholder won't sell to me at the option price, or sells the note to someone else. What sort of recourse do I have? How do you protect your option?

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