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    arcadiaz's Avatar
    arcadiaz Posts: 1, Reputation: 1
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    #1

    Apr 4, 2007, 03:50 PM
    I want to buy a real estate note.
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 4, 2007, 04:04 PM
    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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