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 followI brought numbers and I want to know what's wrong with them. Same file, two models. A $94,000 balance on a small single family in a stable secondary market, as-is value $112,000,…
I hold land and small long positions and I've been reading here for a while, and the advice splits cleanly enough that I want to see the vote. One camp says do a performing note f…
File I bought at $38k against a $91k balance, single family in a mid-size southeast metro. Borrower signed a modification, payment reset to $645 with taxes and insurance escrowed,…
I've been reading tapes for a couple of months and I still can't tell which business I'd be in. Two people described the same $40k purchase on a defaulted first to me in completel…
Nine files offered as a small tape, balances $48k to $130k, ask around 40 percent of balance in aggregate. Bid window is five business days. The seller sent collateral file scans…
I'm still costing out a first deal and this is the fork I can't get past. The tapes I've been sent split roughly along foreclosure procedure. In the judicial states, where the len…