Non-Perfoming Notes 100% UPB
I have been searching the fci exchange and have come across a couple of non-performing firsts that are selling are over 100% upb .I see that the note is at 8.5% ,the original balance was at over $200k and it is now around $50k The property is worth around $100k Why would anyone buy this note and why would anyone give such equity to the original owner?