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Posted by SolidReturns on November 16, 2010 at 08:28:36:

John,

You have written about improving a note, then selling it.

Are you actually in possession (ownership) of the note before you modify? In other words, should the sequence of events be:

1. Get the payor to agree to new terms
2. Buy the note with modification agreement in place
3. Sell (or keep) note?

or something else?

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