Training to Buy/Sell Notes

[Veronica Mackey]

'I'm interested in learning how to buy/sell mortgage notes. Can you recommend a training program/network that helps people get started. I can only invest a couple hundred right now.'.

[James Wootton]

Veronica, be aware that when you consider buying any junior mortgages or liens that the first mortgage note principal balance, accrued interest and all other sums due for it would have to be paid from the foreclosure proceeds upon confirmation by the judge before the second lienholder gets the first dime, and so forth for thirds, etc. That is why many second and third position liens go for pennies on the dollar. But do the math and it can still work out and pay off extremely well in a certain rare situations with very low balances on the first mortgage. Always start with the value of the property securing the liens first. Doing your homework first before buying liens pays off. Best regards,

Jim