How to Find Notes – Finding All the Nonperforming Notes You Want…

May 23, 2008 by notebuyingprofits.com
Filed under FAQ, Finding, Newbie Topic, Videos

I get asked all the time ‘But, Dean, how do I find non-performing notes?? Do banks really sell notes to individuals?”

One person just told me “hey, I walked into my local bank branch and asked if they had non-performing notes for sale and they told me “no, we don’t sell notes.”

Well, if you want to get serious about figuring this out – AND shortcut your learning curve dramatically: it’s all in my ‘How to Find Non-performing Notes Course (4 hours+ jam-packed information on exactly the subject of ‘how to find non-performing notes’).
You can watch the first 2 HOURS for absolutely FREE. Take a peek:

Plus: here’s a TIP to get you pointed in the right direction when buying notes: when you’re going direct to a bank or mortgage company – don’t just ask anyone if they have non-performing notes for sale. Ask to speak to the head of Secondary Marketing, or of Capital Markets, or of Loss Mitigation (in that order).

If the bank doesn’t have either of the first two departments, then make sure that you aim straight for the top of their loss mitigation department – you don’t want to get stuck in mid-level manager hell.

And then once you get that person on the phone – tell them that you buy non-performing notes, anything 90 days or more delinquent, tell them where you typically buy notes, and if they ask you for what your typical pricing is, tell them you can price up to, say, 85% of UPB (unpaid principal balance). (You don’t want to kick yourself out of contention for buying notes when you haven’t even gotten a foot in the door, and if the bank’s asking about price, make sure that you convey that you don’t skimp!)

As to the secret of how to get through to the right person – and what it REALLY takes to break through to that bank representative: it’s covered in detail starting at minute 11 of Part 3 (the third hour) of my ‘How to Find Non-performing Notes‘ Course.

Tags: bank notes, Banks, Capital Markets, defaulted paper, discounted paper, finding notes, Foreclosure, how to find defaulted mortgages, how to find nonperforming notes, how to find notes, Loss Mitigation Department, Mortgage Company, mortgages in default, non-performing notes, nonperforming notes, note broker, note buyer, note buying, note buying course, note bying, notebuying, notebying, Secondary Marketing, short sale, Unpaid Principal Balance

Comments

66 Responses to “How to Find Notes – Finding All the Nonperforming Notes You Want…”

Alex on February 5th, 2009 11:02 pm

I am an asset manager at a bank and have notes for sale on a one off basis(no bulk)
Taquila Payne on February 18th, 2009 2:01 pm

ALEX, I aminterested in buying some of your notes that are in default. Please contact me asap. payne_realty@rocketmail.com
Kaleo McCabe on February 18th, 2009 11:36 pm

Hi Alex, I am also interested in buing some of your notes that are in default please contact me ASAP.

Kaleo
hoopakele@yahoo.com
Joe on February 19th, 2009 10:46 am

I am looking to buy one offs defaulted notes please contact me via email and let me know what you have Im looking for note nation wide
Joe on February 19th, 2009 10:47 am

JHughis@aol.com
walter wells on February 22nd, 2009 1:19 pm

Dear Alex;

I also would like to purchase some notes. Please contact me at wwjr@hotmail.com.
Bernie on March 5th, 2009 7:03 pm

Alex,
Please contact me with the note info.
Bernie
Boca Raton, Florida
Dennis on March 9th, 2009 2:00 am

I am also interested in purchasing notes

Dennis
Brent Gillman on March 17th, 2009 9:51 pm

Looking for single NPN or bulk groups in the Ohio area.
Jorge on April 14th, 2009 1:45 am

Hey Alex,

Please contact me regarding your notes that you have for sale.

jg@sunsetnotes.com
Florentine Catudan Jr MBA on May 13th, 2009 12:57 pm

I’m an investor representative that seeks to buy NPNs in $500M bulk. Contact me for immediate consideration.

fcatudan.vgm@gmail.com
Bachi on July 20th, 2009 5:16 pm

Hi, All
I need bank note for commercial properties in major cities. NY is prefered.
Kathryn on October 19th, 2009 5:02 pm

Dear all,

I represent a group of investors who will buy Commercial Notes in Default. Contact me immediately at: kathryn.tong@ariesrealestate.biz.
Angie on November 4th, 2009 7:45 pm

We\’re interested in bulk NPNs and one offs as well.
Pls send us more details for consideration.
Paul Stiggers III on November 6th, 2009 10:53 pm

My company has cash to purchase residential and commercial NPN’s nationwide. Please contact me ASAP.
Mark Hyland on November 16th, 2009 9:34 pm

We purchase nonperforming and performing residential and commercial real estate notes, preferably in Texas or southwest. Also have a default low ltv luxury home in San Jose CA for sale..
Cynthia Kozacik on November 27th, 2009 2:34 pm

I have investor that would like to buy BULK Properties in Southern California 40 to 50 cents on the dollar is there such a thing.

Also nationwide.

Please contact me

Thank You,

Cynthia
949-295-8074
Cynthia Kozacik on November 27th, 2009 2:36 pm

Alex,

Please contact me I also looking for single notes.

Thank you,

Cynthia
alohacin1@aol.com
Jason Ballotti on November 30th, 2009 5:00 pm

All,
I work for 2 Real Estate Attorney’s who represent several lenders in Fort Myers FL. We have access to their portfolios have bid and closed on numerous notes. Contact me if your interested in commercial notes. Check out our bio’s at http://www.floridafidelity.com .

Jason Ballotti

jballotti@floridafidelity.com
Kenya Ellis on December 8th, 2009 7:35 pm

Hi,

We are very interested in purchasing NPNs and will close within 72 hours.

kenyaellis3@yahoo.com
Gary on December 31st, 2009 2:58 am

We are interested in OHIO NPN’s. If anyone has any to sell in bulk or one offs.

realestateg@aol.com

Thanks,

Gary
Michael on March 6th, 2010 9:07 am

I will give you an opinion on how much the individual properties in an NPN portfolio are worth on an immediate sale and long-term value basis using underlying collateral comparable market analysis including list of relevant properties, rent/after tax PITI and a review of qualitative factors. Prices negotiable. Will sign NCND. Please give one business day lead time for requests.
Michael on March 6th, 2010 9:08 am

I will give you an opinion on how much the individual properties in an NPN portfolio are worth on an immediate sale and long-term value basis using underlying collateral comparable market analysis including list of relevant properties, rent/after tax PITI and a review of qualitative factors. Prices negotiable. Will sign NCND. Please give one business day lead time for requests. mcarrigan2007@yahoo.com
Chris Petruzzi on March 6th, 2010 6:30 pm

I want to purchase non-performing notes secured by real estate in California. Please contact : cpetruzzi@usa.net
Asim Syed on March 10th, 2010 12:21 am

Hello All,
I am looking for residential / commercial npn’s in N.California .Need to close fast. Please contact me at the earliest.

asimsyed1@gmail.com
Tommy Holiday on March 10th, 2010 1:13 am

We also buy performing and non performing notes nationwide from any Lending Intuition, bank, Company or Organization funding Deal Sizes ($2,000,000 – $30,000,000+). Part of our team is an alliance with Jade Capital Advisors, LLC a private bank to assist in our funding of commercial properties, performing or non-performing. Jade Capitals Advisors primary objective is to meet the need for short-term bridge funding with efficiency, flexibility and professionalism. Jade Capital Advisors provides commercial real estate financing for borrowers in unique and time-sensitive situations anywhere in the United States.
Tommy Holiday on March 10th, 2010 1:15 am

We also buy performing and non performing notes nationwide from any Lending Intuition, bank, Company or Organization funding Deal Sizes ($2,000,000 – $30,000,000+). Part of our team is an alliance with Jade Capital Advisors, LLC a private bank to assist in our funding of commercial properties, performing or non-performing. Docblue Services & Jade Capitals Advisors primary objective is to meet the need for short-term bridge funding with efficiency, flexibility and professionalism. Jade Capital Advisors provides commercial real estate financing for borrowers in unique and time-sensitive situations anywhere in the United States

Please Contact me @ 213.382.4379
Richard Michaels on March 12th, 2010 12:56 am

Hi,

I am looking for the contact person at OneWest/IndyMac Bank to purchase NPN’s.

Thank you.
Delroy Cowan on April 15th, 2010 12:56 am

I am interested in learning more about how to Find and How to buy Non-performing notes
Delroy Cowan on April 15th, 2010 12:57 am

Please contact me @ 305-345-6825
Rebecca Themelis on April 26th, 2010 4:53 pm

What is the typical commission paid to a broker for an individual note sale?
Alon Shelly on May 2nd, 2010 9:46 am

Hi Alex,

Do you have non performing notes on multi-residential and residential real estate in Michigan?

alonshelly@sbcglobal.net
Ahmad on May 19th, 2010 6:49 pm

My name is Ahmad and I have a client that is selling two (2) commercial notes. The first is a 350+ units in Pensacola, FL that is an NP Note that is discounted at 50%. The orginal note was worth $7mil and now at $3.6mil. Bank want this NPN gone very quickly. Good tenancy.
LP on May 20th, 2010 8:36 am

Hi,

We have access to very good Notes and Investment opportunities in South Florida.

Feel free to contact us if you are a serious Investor.
POF and LOI will be needed before any Due Diligence.

Best Regards,

LP
floridainvesting@ymail.com
RAFAEL on May 21st, 2010 5:15 pm

Looking to purchase NPN in the NY area. will close With-in 3 days.
Rafael- 516-244-9633- reobuys@aol.com
Thank you
Ricardo Fojas on June 9th, 2010 7:06 pm

What bank or lender is allowing note buyers to buy notes?
Mohammed Zaghoul on June 14th, 2010 4:10 pm

Looking for non performing notes in Los Angeles or Riverside counties.
ONEAL HODGES on June 14th, 2010 9:27 pm

hello alex do you have any commercial assets or multi-family assets forsale. onealhodges@hotmail.com 256-468-8990
Morris on June 19th, 2010 9:58 pm

HI, my name is Morris Harris
My business name is Harris Note Service,and my website is http://www.harrisnotesvc.com.
I am a mortgage notes finder, purchasing mortgage notes
Independent contract buyer, carry- back notes
looking for carry-back notes , 6 mo. or year, 1st Position
No interest only ,selling price,down payment, notes balance, monthly payment credit: 650
Mortgage notes, Business notes,Commercial notes, Mobile Home notes
We purchase partials on mortgage notes.
Min.$20,000- $100,000 Max. $1,000,000- $2,000,000
I be happy to help. Thank You !
Bob Coleman on July 8th, 2010 1:37 pm

I need about $200M NPN P for a hedge fund. Bob
Daniele Lattanzi on July 9th, 2010 1:22 pm

Hi There,

My name is Daniel and I was able to establish successfully many direct relationship with Banks and also Private institution that have NON for sales.

The article of Dean is completely spot-on. If you want to locate NPN the best way to go as he describe. If you just walk to the Bank most of the time they will look at you like you are coming from Mars or something. Going to the right department on the above sequence is a key entrance point. Persistance and not be afraid to ask questions is also another good ingredient for getting your price.

If you need to get immediate NPN that you would like to buy, through those established relationship I have a large volume of NPN Nationwide for sale (in the order of 100s of them). These can be cherry picked or bought in bulk. I have both residential and commercial.

If you are an investor or representing a group of Investors interested on buying NPN you can reach me at daniele_notesservice@hotmail.com

I work directly with each investors and my final goal with each deal is create a swift and profitable transactions for all party concerned resulting in long term relationship and more future transaction.

Thank you
Daniel
Owen Foriest on August 1st, 2010 9:57 pm

I want to uunderstand note buying and need a mentor so I can work the east coast in partnership….little deals at first please…smile..contact me if you are intrested..I’ll raise my own investment capital by the way!!!!
Dale Tiderington on August 3rd, 2010 9:58 am

I am looking for NPN notes (mostly Ohio but will look at others) if anyone has any for sale. Thanks
Dominique on August 14th, 2010 12:16 am

Just released…Non-Performing Note Package!
Properties are located in the following States:

(1)Tx, (1) OH, (3) FL, (2) GA, (1) IL, (1) NH, (2) IN, (3) MI, (1) AZ

UPB: $1,215,900.71 @40%=$486,360.28 Buy Price
CLTV: $914,000.00
CMV (current market values)
Daryl Burrows on August 16th, 2010 10:34 pm

Hello, I am looking for notes for sale at deep discounted prices whether they are non-performing or performing. I prefer recently filed foreclosures, however; I am interested in buying notes period. Please contact me if you or someone you know may have any for sale.

jaxproperties@gmail.com

Thanks!

DB
Tom on August 25th, 2010 9:40 pm

Hi Daniel,

I would like to buy NPNs. If you have them please contact me at your earliest chance.

Thanks,

Tom
gazanik60@hotmail.com
Tom on August 25th, 2010 9:42 pm

Hi Alex,

I would like to buy NPNs. If you have them please contact me at your earliest chance.

Thanks,

Tom
gazanik60@hotmail.com
Chris on August 30th, 2010 3:43 pm

What notes do you have on props in North and South Carolina?
Roseanna on September 12th, 2010 1:31 pm

Hi,

My name is Roseanna, I am a investor representative and I am looking for residential NPNs for purchase in San Antonio, TX. Please contact me if you have any interest in presenting them to me. Thanks for your consideration.

Roseanna
Roseanna on September 12th, 2010 1:32 pm

Hi,

This is Roseanna again. Sorry, forgot to include my contact information:

roseannasasha@yahoo.com

Cheers
AC on October 26th, 2010 12:05 pm

Hi Alex,

Please email me your commercial notes for sale, preferrably in Dallas and Los Angeles. Thank you.
AC on October 26th, 2010 12:06 pm

Please email me your commercial notes for sale, preferrably in Dallas and Los Angeles at: janie113@aol.com

Thank you.
Gerardo Giron on October 26th, 2010 7:34 pm

Hi,
My name is Gerardo Giron and I’m interested in information about any notes you have,..

Pleas contact me at:
gerardo.giron@ymail.com
or
540-498-1094
540-318-8013
George on November 7th, 2010 1:30 am

Hi All,
I’m interested in non-performing notes. I represent a group of investors in the immediate SF Bay Area. Please email me at georgelim26@gmail.com.

George
John on November 21st, 2010 9:49 pm

I am interested in purchasing a bulk of notes in the Illinois area. We have a POF of 2.5MM but have been able to find the tapes worth buying.
Elehue Pierce on December 4th, 2010 12:34 pm

Alex, I’d like to talk to you plz email or call 804 503-0492
Joan on December 10th, 2010 11:21 pm

I\’m looking for non-performing residential, and commercial,
In the Cleveland, (Cuyahoga County, Medina , Lorain, Summit Counties.
Joan on December 10th, 2010 11:27 pm

Non performing notes, Ohio cuyahoga, medina, lorain and summit counties jbrilla@yahoo.com
Rendal Turner on December 15th, 2010 3:16 pm

Hi,

I am a seller/buyer rep for 2 large companies that have tapes of npn’s available nationwide Just email me and tell me what you want. Serious buyers only!

Rendal
rlturner2000@yahoo.com
Shawn on January 9th, 2011 10:39 pm

Hello, I am interested in buying notes in the Florida are if you have
any notes that you would like to sale, shoot us and e-mail at workweek4@gmail.com. We are investor and have money to invest..
Kip on January 12th, 2011 12:31 am

I am looking for non-performing notes @ .25-.30 cents on the dollar. I have 2mm to invest today in small single family packages. I prefer central Florida. I will also consider commercial properties and hotels. Serious inquiries only. Funds are available immediately. I deal with decision makers only.

407-406-9266
klechols@yahoo.com
Gloria Goins on January 12th, 2011 1:42 am

I own and manage a private investment company that is seeking to purchase NPNs directly from banks and hard money lenders in packages of $5M-$50M. The properties should be in the South/Southeast. If you have assets that you are interested in removing from your balance sheet. Please contact me. No brokers please.
Bradley Bauman on February 22nd, 2011 4:09 pm

I am looking for notes in the Greater Atlanta Area, please email me what you have.

Many thanks,

Bradley B
bradley@olmsteadrealty.net
Jean on March 9th, 2011 5:34 am

Hi Investors,

We have several Non-performing notes and REO on residential/Commercial/ construction and more in Florida, I’m looking for direct buyers.. , Who’s willing to make an reasonable offer.

Email Me your contact information at Imrichnow@gmail.com

Again only Buyers, Price range $1,000,000- $40,000,000
Jean on March 9th, 2011 5:35 am

Hi Investors,

We have several Non-performing Bank notes and REO on residential/Commercial/ construction and more in Florida, I’m looking for direct buyers.. , Who’s willing to make an reasonable offer.

Email Me your contact information at Imrichnow@gmail.com

Again only Buyers, Price range $1,000,000- $40,000,000,

Jean
Max! on March 13th, 2011 8:36 pm

Alex! We like to purchase more on NPN in State Of California. Please send any non-Performance note that you have in Central California prefer to be 50% Discount. Please send to:

Lmaxz38@aol.com