First Note Deal Lessons

[Charles Kennedy]

What’s the biggest lesson you learned from your first note deal (good or bad)? Hoping to learn from real stories here before diving deeper.

[Chris Seveney]

Quote from @Charles Kennedy:

What’s the biggest lesson you learned from your first note deal (good or bad)? Hoping to learn from real stories here before diving deeper.

 It was not my first deal I learned the most from (but what I did learn from that deal is the servicing transfer process can be so painful when it should not be, especially depending on who your servicer is). The other is collateral storage company charges, one charged me like $100 for every exception (not to fix it but put it on a spreadsheet) and there were 3 of them. I was like wtf... I did not understand at the time but learned real quick