Blogs » Real Estate and Investing » Non Performing Notes for sale

Non Performing Notes for sale

Friday, August 31

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.




Comments

  1. Reply
    over 1 year ago

    I am in Canada and interested in the process of buying notes. Can his be done reliably without ever looking at the home or being in the U.S. and still make profits? I do have an idea of some exit strategies but would need assistance to execute. Is there assistance for this?

    1. Colleague_thumb_avatar-georgede

      George De Jesus Reply
      about 1 year ago

      I'm presently buying NPN, I'm always looking for new sources where to buy, can you contact me at [email protected] Thank you, George

  2. No_avatar_colleague_thumb

    Tim G. Reply
    over 1 year ago

    Hazel,

    I work with a lot of Canadian Note Investors. The simple trick is this:

    When doing your homework on notes, you work with a professional in the area (usually offer a small fee (typically $50-75) to do a check on the property, offer their opinion of true market value, and do a drive by evaluation with pictures. We do this through local real estate agents, with the idea that if you purchase the note, they will get the business when it comes time to sell or rent that property.

    We do assist all our note buyers in determining the best exit strategy, and successful completion of the strategy.

    I buy notes myself, so I understand the process very well, rather than typical companies that have no experience in actually owning a Note.

    Feel free to contact me with any other questions.

  3. Reply
    over 1 year ago

    Do you ever get NPNs on multifamily properties (75+ unites)? If so, I'd like to receive info on those. Thank you.

    1. No_avatar_colleague_thumb

      Tim G. Reply
      over 1 year ago

      Dan sometimes I do. When I See these come across I will let you know. Any specific area?

  4. Reply
    over 1 year ago

    Tim, I have buyers interested in notes for SFRs and M/F properties in NV, AZ, TX, FL, GA, NC and CA. Are the opportunities that come across tyour desk, one-at-a-time notes or bulk?

    1. No_avatar_colleague_thumb

      Tim G. Reply
      over 1 year ago

      Ron, Both. Single Notes and Bulk Purchase opportunities. Nothing Major (i don't see 100M packages as I deal with the more common notes through my asset managers and defaulted loan to reo divisions at the banks).

    2. Colleague_thumb_avatar-williamfp3

      William Patterson Reply
      over 1 year ago

      I do offer NPN in various states by bulk at 19% ltv. If any interest, please contact me williamfp3 @ hotmail

  5. No_avatar_colleague_thumb

    Seth Cohen Reply
    over 1 year ago

    Tim - I am interested in NPNs in MD, VA and DC if available. Please send the vetting documents to me at [email protected]

    1. No_avatar_colleague_thumb

      Tim G. Reply
      over 1 year ago

      Just sent you an email. Thanks.

  6. Reply
    over 1 year ago

    How do in touch with you about the notes you have for sale?

  7. Reply
    over 1 year ago

    I am interested in buying nonperforming notes. How do I get in touch with you? Please email me at [email protected] Thank you.

  8. Reply
    over 1 year ago

    I have been brokering notes since 2006. Now my investment company,Rosetti Properties & Investments LLC, Biloxi, MS, purchase non-performing notes and then sell the property to an end cash buyer, usually within 3o days. DO you have any notes from the Mississippi Gulfcoast? Gulfport, Biloxi, Ocean Springs, etc? or the Mobile, Foley, Robsertdale, Gulf Shores area? If you do, please let me look at them. Right now this is where we are buying and selling at.

    Thanks, Karen Rosetti www.rosettiproperties.net a bbb accreditated business

  9. Colleague_thumb_1385010108-avatar-rjizack

    Ronald Jackman Reply
    5 months ago

    Hi Tim,

    I'm intereted in conversing with you in regards to your notes. Please email me at [email protected]

  10. No_avatar_colleague_thumb

    Claudiu Peter Reply
    4 months ago

    I Have about 1000 doors for sale in Atlanta , ga and in Florida (Jax and Pensacola) if you are interested to Buy NPN please Get ready to get Vented with LOI and POF and some Great looking Bio of you and Your company.

    Thank you

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