Do I have to sell the entire mortgage note or do the partial sale?

Partial sale of mortgage note

There are different of ways to buy and sell a mortgage note.
Mortgage note owners have the option of selling only a portion of the mortgage note.
In this case, instead of buying the entire note, the mortgage buyer purchases just some of the payments or the payments and part of the balloon.
In the event of a partial sale, a loan servicing company receives the payment from the payer.
The servicing company then divides the money between the mortgage note purchasing company and the original note owner.

Why would anyone want to do a partial?

You can do it to solve your cash flow problem while allowing you to keep most of the note and taking a smaller discount than you would have if selling the whole note.
You could also sell additional payments in the future if you needed more cash.

NoteAdvocate is a free platform providing tools and resources designed to equip note sellers through the mortgage note selling process.