From: "Canzie" 
Newsgroups: misc.invest.real-estate
Subject: Re: Friendly Note Buyer - are these guys legit?
Date: Mon, 15 Sep 2003 19:57:59 GMT

As an experienced note buyer and seller (and no, I don't want to buy your
note) be sure you are dealing with the person who writes the check.  There
are 100 note-buying brokers who post your note on the internet for every
true buyer.

An easy way to find out - ask how much they will pay for the note. Do not
have them "get back to you in a few days" which transalates to "I have to
post it to the 1000 websites around the globe, see if I can generate some
business"   Have them ask you questions over the phone, fill out/sign
nothing.  Sign nothing.  Sign nothing.  Sign nothing.

If they come back with a number, it only takes 5 days max to get the deal
done.  Set a deadline.  Close by X date or forget it. If the number they are
paying is right, and you know you will get paid (get references) who cares
who it is?

-- 
Michael Papp
iNet Commercial Lending/ Carteret Mortgage
www.iNet-Lender.com
MSN Messenger ID - iNet-Lending


"newth"  wrote in message
news:Xns93F77DAD3C71Enewthhushmailcom@129.250.170.98...
> I am thinking of selling a mortgage note I hold to Friendly Note Buyer,Inc
> in Roxbury NY. Does anyone have experience doing business with them? Are
> they legit? So far they haven't passed the sniff test with me. Any info
> would be appreciated.