Module six had the same loan as module two with different numbers on it

I bought a note course in January. Eighteen hundred dollars, self paced, twelve modules, a private forum that turned out to be about forty people and a bot posting motivational quotes at 6am.

Module two walks through a nonperforming second, unpaid balance around fifty two thousand, purchase at nineteen cents, borrower in a workout. Fine. Screen recording of a real collateral file with the names blacked out, which is the reason I bought the thing, because I'd never seen a collateral file and every free video on the internet stops right before the paperwork.

Module six is about exit options and he pulls up a file to demo a deed in lieu. Same property. Same lender name in the assignment chain, same recording date stamp on the corner of the scan, same coffee ring on the second page. Unpaid balance now sixty one thousand and the purchase price is at twenty six cents.

I sat there for a while. Then I emailed him, and I tried to write it politely, and I don't think I managed it.

He called me two days later. Talked for about thirty five minutes. He said the numbers in the modules are altered on purpose so students can't identify the borrower, which, fine, I actually believe that. Then I asked how many notes he'd bought in the last two years and he said none, that he wound down the buying in 2021 and the business now is the course and a small servicing consulting thing.

He wasn't cagey about it. He said it plainly and then asked if I wanted a refund.

I didn't take it. Modules eight through eleven on servicer transfers and what a pay history actually looks like are worth more than eighteen hundred to me, since I've never found that stuff written down anywhere. But I finished the course knowing I was learning from a guy whose last live deal was four years before mine, and I don't know what to do with that.