CEO Buys NoteWorld From C-BASS

Linda Remsberg, president and chief executive officer of NoteWorld LLC, Tacoma, Wash., has acquired the company from Credit-Based Asset Servicing and Securitization LLC, according to NoteWorld, a servicer of seller finance loans.The terms of the transaction were not disclosed. C-BASS acquired NoteWorld in 1998. "While we have been grateful for the years of ownership by C-BASS, the recent turmoil in the market and the opportunity for growth in seller finance has opened up the opportunity for an individual to own the organization," Ms. Remsberg said. Ms. Remsberg founded her own company in 1983, which developed and sold software to title and escrow companies. NoteWorld, which also services personal debt escrows and buys retail seller finance notes, can be found on the Web at http://www.noteworld.com.