One of the real miracles of the private paper industry is the possibility of purchasing or selling only a part of the note! This maneuver is known as a partial purchase, or a "partial," and refers to a transaction in which the owner of a private mortgage note sells, and a buyer purchases, less than the entire indebtedness owned by the seller.
Using the partial technique, you can have your cake and eat it too -- in fact, you can eat your cake and wind up with more cake!