Note Investing Questions

[Rudy D.]

I just want to be sure I understand notes. When I buy the note, I am buying the debt, however I don't actually "service" (collect payments, send out bills, etc) for the loan?

So if the person defaults on the loan, I don't personally have to take them to court, because the mortgage servicing company will do that?

I'm actually interesting in buying performing notes and enjoying the cash flow to minimize risk. I am just curious to know what happens in case of a default. Thanks.