Updated over 7 years ago on . Most recent reply
Any One Use FCI Exchange?
Has anyone used the FCI Exchange site to buy performing or non-performing notes? I want to get feedback before purchasing. Also, are there any other sites that are similar?
Most Popular Reply
Dan Deppen
I wouldn’t even bother listing a note on FCI because there are a lot of people who scour FCI and will never pull the trigger.
I want someone who I know will be serious to buy. Case and point I replied to a post where an investor wanted to buy for his fund. He wanted performing notes. I sent him a tape with the collateral and every week I got another excuse. How long does it take to review 5 assets when you have the pay history, servicing notes, BPO and OE?
I should of known better but the Guy was most likely just trying to build a mailing list.
If I send notes to someone now I ask them how many notes they have bought and what their timing is. 90% of people out there are not real buyers - window shoppers or will throw low ball offers out there. Of course this is after they sign the NDA
- Chris Seveney
