My brother and I sold a duplex. We received cash and a promissory note. I would like to by my brother's 50% of the promissory note. How do I do purchase it legally?
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My brother and I sold a duplex. We received cash and a promissory note. I would like to by my brother's 50% of the promissory note. How do I do purchase it legally?
Write up a contract between you and him, and you pay him for his share. A promissory note is merely a contract to pay, normally secured with a lien when done on property. OF course you brother will want to sell his share, you can't buy it if he don't want to sell ti.
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