Comments on: With or Without Recourse? Clarifying the Endorsement When You Sell a Note http://notequeen.com/2008/06/12/with-or-without-recourse-clarifying-the-endorsement-when-you-sell-a-note/ Owner financing help, title holding land trusts, owner will carry, benefits of seller financing, defer capital gains, what is my note worth, sell my note for cash, create a good note; Pasadena, Temple City, Alhambra, San Gabriel, Arcadia, Sierra Madre, El Monte, Rosemead, San Marino. Sat, 14 Jan 2012 23:28:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dawn Rickabaugh http://notequeen.com/2008/06/12/with-or-without-recourse-clarifying-the-endorsement-when-you-sell-a-note/#comment-26879 Dawn Rickabaugh Wed, 07 Dec 2011 22:44:36 +0000 http://notequeen.com/2008/06/12/with-or-without-recourse-clarifying-the-endorsement-when-you-sell-a-note/#comment-26879 Hi Cary, I'm probably not qualified to talk about issues regarding bank policies. As a general rule, my whole business model does not include dealing with banks on any level. I do know I could sell a note but retain the servicing rights, so it's possible that's what happened in your situation. My best, Dawn Hi Cary,

I’m probably not qualified to talk about issues regarding bank policies. As a general rule, my whole business model does not include dealing with banks on any level.

I do know I could sell a note but retain the servicing rights, so it’s possible that’s what happened in your situation.

My best,

Dawn

]]> By: Cary http://notequeen.com/2008/06/12/with-or-without-recourse-clarifying-the-endorsement-when-you-sell-a-note/#comment-26715 Cary Sat, 03 Dec 2011 07:57:09 +0000 http://notequeen.com/2008/06/12/with-or-without-recourse-clarifying-the-endorsement-when-you-sell-a-note/#comment-26715 I have a note endorsed without recourse from DOT bank 1 to bank 2. Then the note is endorsed again without recourse by Bank 2 to Bank 3. How can bank 2 now say Bank 3 is only the servicer and Bank 2 is the real party in interest? I haven't read where mortgage servicers get a note endorsed in blank without recourse from a lender and then only have servicing rights...? I have a note endorsed without recourse from DOT bank 1 to bank 2. Then the note is endorsed again without recourse by Bank 2 to Bank 3. How can bank 2 now say Bank 3 is only the servicer and Bank 2 is the real party in interest? I haven’t read where mortgage servicers get a note endorsed in blank without recourse from a lender and then only have servicing rights…?

]]>