CFD vs Note ROI Calculator

[Michael Roberts]

Hi everyone, I have invested in NPLs and have a self built ROI calculator. I'm starting to look into CFDs and am wanting to get a little more precise than the "stairstep" method of bidding. I'm wondering if there are certain things you would include in a CFD ROI Calc vs a note one. Obviously, figures will differ by state. Forfeiture instead of FC (when applicable), all the same parameters as notes including servicing, BPO, title, legal, trash out, agent commission, etc. Anything you include that's different than NPL Calc? Also, do you usually calculate for forfeiture (or FC if applicable) as worst case scenario? Thanks in advance.

[Dan Deppen]

As Chris mentioned, know the individual state laws. For example in Ohio depending on how long its been since the CFD was created and how much the borrower has paid off you may need to go through the full foreclosure process.