What Is A Non-Performing Note
In short, a non-performing note is simply a mortgage on a home where the borrower has stopped making payments for various reasons. Investors usually buy them from banks, hedge funds and private equity firms that are willing to sell them off at significant discounts.
Once the note is purchased, the investor now owns the note, literally becoming the bank. The investor can then approach the borrower directly and offer to work out a loan modification, or in the worst-case scenario, the investor can foreclose and either sell or keep the house as a rental.
Whether the investor’s goal is to build up a high-yield portfolio of passive investments, or a portfolio of rental properties, or a combination of both, working with financially distressed borrowers who are not paying their mortgages holds a great potential upside.
NAP, the Note Assistance Program™, helps buyers navigate the process, assess the risks, and ultimately achieve their financial goals.
Mortgage Note Investing E-course
Created for the smaller private placement and accredited investor in mind this E-course is a great way to further business development! We aim at enhancing the access, participation and performance of all those in the industry. Our proprietary system is renown for its success levels, due to our unique yet simple approach to old complicated industry problems. If you can't make it to a LIVE event this is the next best way to join our community!