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

21 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