Transferable Cash Flow Notes
Cash flow notes are transferable with several selling options. The seller can choose to sell a portion of his or her promissory note. The amount sold will be paid to the buyer in payments. When the amount is paid, the original owner will continue to receive payments from the debtor. The seller can also choose to sell a portion of the promissory note and choose to split the monthly payments until the purchased portion is paid fully.
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TB @ December 27, 2007