Non-performing note buying means purchasing mortgage notes where the borrower has stopped paying, acquiring defaulted debt at a steep discount to its face value.
Log in to followRural note, seller wants $19k, UPB $58,300, no payments since late 2024. Property is 3.1 acres with a 1998 double-wide on it. Tax record shows land and improvement together, asses…
I'm partway through licensing and a small fund that buys defaulted paper asked whether I'd do their exterior valuations in my county. Flat $125 per report, photos, condition notes…
A seller I've traded emails with for a few months sent me a tape of nine defaulted first liens and said I could cherry-pick one instead of taking the whole pool. I've only ever bo…
Note bought at $52k, UPB $114k, house came in around $167k as-is on an exterior BPO with photos I trust. Vacant, secured, I've been paying to check on it monthly. Title came back…
I've been circling notes for about a year without buying anything, which is normal for me. A small seller sent me a one-off: balance $71,400, borrower hasn't paid since March 2024…
Single note carved out of a five-loan tape. UPB $92,400, last payment October 2022, arrears with fees about $26k on top. Ask is $38k. Broker's BPO says $141k as-is, $163k repaired…
I do HVAC and light electrical work, mostly for a handful of small landlords. One of them sold a house on owner financing three years ago and the buyer stopped paying nine months…
Bought this one eight months ago. UPB $103,200, arrears at purchase $19,400, paid $47k. As-is value came in at $158k on a full interior walkthrough that the borrower let me do, wh…
Someone I've met a few times through a lending group is clearing out and offered me two non-performing seconds as a pair. Balances $34k and $41k, both stopped paying in 2023, ask…