Buying part of a note with 2 or more owners?
This can happen when a brother and sister or husband and wife own a note. One want to sell their interest, the other doesn’t. The note should be endorsed as follows: PAY TO THE ORDER OF (your name and the other non-sellers) then signed and dated by all the current owners. We suggest that physical possession of the note should be by a trusted third party like a title company or attorney.
