Performing note buying means purchasing existing mortgage notes, the debt instruments, where the borrower is current on payments, acquiring the right to receive those payments.
Log in to followA guy in a local investor group is selling a note and offered it to me because I said I had money sitting and no properties. I've read about this for maybe three weeks and I don't…
A seller I've bought two singles from is offering four seasoned performing firsts as a pool, all or nothing. Total UPB $312,000, blended ask 86, so $268,320. A: UPB 96,400, coupon…
Single performing first. UPB 118,500, coupon 7.25%, P&I 926, 39 payments on time with no lates in the servicer ledger, BPO 197,000, escrowed for taxes and insurance and both curre…