Jean's Perspective on Non-Performing Note Investing

[Jean Norton]

For years I thought investing in a non-performing note could be a win/win for everyone involved. For example, let’s say I buy a $100k promissory note (mortgage), secured by a house that’s worth $60k, and pay $40k for the note...My thoughts, years ago, was that I could get the homeowner to sell their house at it’s current value, $60k, and I would approve the “short sale”, and immediately make $20k...

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