Non Performing Notes for sale
Well its that time again to dive into NPN's ( non performing notes ).
As a REO Realtor, I run across Asset Managers, Hedge Funds, Banks, and Private Sellers who have Nationwide Non Performing Notes for sale.
I don't mess around with Chains and People who think they have access to something. I only market what My Contacts from the REO industry are giving me.
Typically each month I have access to 200-500 1st Lien, Non Performing Notes that are Conventional Mortgages.
What can you Expect with my NPN's - Non Performing Notes ?
- 1st Lien
- Residential Discounted
- Fresh BPOs
- Utilities Verified
- Taxes Verified
- Fresh Title Reports
- 10 to 50% below BPO Value
As with anything, there is a Confidentiality agreement, and a fee agreement between the buyer and myself.
I will initially provide the investor the following:
- Reference # for the Loan
- Type of Loan (typically Conventional)
- City & State
- BPO Value
- Maturity Date
Once you have located the Non Performing Notes that you may have interest in, You will begin the Vetting Phase.
Because of the sensitive borrower information revealed, all buyers are vetted for criminal background check. The turn around time is typically less than 24 hours.
Once that is complete, you will have access to view all info on the NPNs.
You will then Submit your Bid.
If you have any questions, please feel free to ask. I have closed many NPNs for Investors. These can be cherry picked, or purchased in larger packages. Typically I see BPO Values ranging from $9,000 to over $750,000.
We can chat further about exit strategies and I can provide you with a great excel spreadsheet that will generate all exit strategies to show you which will provide the greatest return on the non performing notes.