How to Find Notes – Finding All the Nonperforming Notes You Want…
May 23, 2008 by notebuyingprofits.com
Filed under FAQ, Finding, Newbie Topic, Videos
On How to Find Notes: 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... Continue Reading»»
Note Buying – Not always an Exact Science
May 23, 2008 by notebuyingprofits.com
Filed under Real-Life Case Studies, Research
Note buying isn’t always an exact science – it can also involve a little bit of an ART. Here’s an example: I bid a pool of non-performing notes held by a trustee for a bankrupt mortgage company. Two loans were missing collateral files. One... Continue Reading»»
Nonperforming Notes – How to determine the Purchase Price
May 21, 2008 by notebuyingprofits.com
Filed under Note Buying 101, Real-Life Case Studies, Research, Videos
Quick note to announce that I just finished “Note Buying Course Step 3, how to determine a purchase price” – for any nonperforming note. [To put in perspective how this fits into the overall note buying game plan, check out this Mind Map.] As... Continue Reading»»
The Defaulted Paper Mill & Bankruptcy
May 19, 2008 by notebuyingprofits.com
Filed under Bankruptcy
Floyd Norris over at the NYT carried an interesting piece on a note pool of Merrill Lynch 2nd liens. The loss rate on those 2nd mortgages, originated by OwnIt Mortgage which filed BK in 2006, is estimated to be close to 60% at this point, and the bonds have... Continue Reading»»
