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 followRunning a bid on a first lien and I can't make the math survive the calendar. UPB 180k, last payment 31 months ago, borrower still in the house and not responding to the current s…
I'm coming into this from a completely different career and I've hit a wall on the licensing side. Everything I read about non-performing notes talks about workouts and foreclosur…
A note seller sent me a tape with columns marked NPL and RPL and one row labeled "sub-performing." I thought non-performing just meant the borrower stopped paying. But two loans o…
Two of the resolution paths people list are DPO and short sale and I've read both descriptions three times without the distinction landing. In both cases the borrower ends up payi…
A seller sent me a one-loan tape. First lien, UPB 88k, borrower 26 months down, asking 31k, BPO 104k. The notes column just says "collateral file incomplete, missing intervening a…
Running numbers on a small pool of nine non-performing firsts, average UPB 118k, average as-is value about 141k, all in judicial states. Seller wants 62 percent of UPB. My model a…
Someone in another room mentioned you can pick up non-performing second liens for a couple thousand dollars each, which sounds like an amount I could actually risk while I learn.…
Working out what a first non-performing note would really cost me end to end. The note price I understand. Then someone told me I need a licensed servicer and can't take payments…
I've been going through the numbers on this strategy and they work, which is sort of the problem. The return comes from a household that stopped being able to pay. The guide says…