I have my own red flags- I'm interested in buying notes if they meet some basic underwriting requirements. Even if it doesn’t, I may still be able to purchase it.
What are yours when reviewing a potential purchase?
I have my own red flags- I'm interested in buying notes if they meet some basic underwriting requirements. Even if it doesn’t, I may still be able to purchase it.
What are yours when reviewing a potential purchase?
1) States that require a Note Holder to have a debt license (even with a servicer) and the state also has a long foreclosure timeline. 2) If seller finance, ensuring the ATR is acquired at origination. 3) Rural Areas (as defined in our 14 Points that make a note valuable)
We have a few more that we have talked about on our Notes Show.
I have my own red flags- I'm interested in buying notes if they meet some basic underwriting requirements. Even if it doesn’t, I may still be able to purchase it.
What are yours when reviewing a potential purchase?