Need opinion on a few notes:

[Arthur Mayer]

Here are the few NPNs I was looking at purchasing:

1st Note:

State: Illinois
Asking Price: $1,750

Balance: $62,724
BPO: $13,200
Delinquent Taxes: $7,867

2nd Note:

State: Indiana
Asking Price: $2,000

Balance: $56,603
BPO: $18,000
Delinquent Taxes: $5,534

I was just interested in the expert's opinions on these or are there additional due dilligence you would ask for on these two particular notes.

Thanks in advance 

[Mike Hartzog]

Be very careful with notes on low value properties.  Your small $ margin on these can easily be eaten up in costs.  Also, my experience has been that BPOs which are exterior only typically overstate value, especially on low value assets.  The interiors are frequently in worse shape than the exterior, and BPO agents make the assumption that interior is the similar condition as exterior.  I would encourage you to look for notes on higher quality/value properties.