NPN Story: Assignment of Rents Victory
Tuesday, February 01
During the due diligence phase for a non performing note backed by a duplex in New Jersey, I saw that the borrower had filed multiple bankruptcies to stop sheriff's sales on multiple rental properties over 10 years. Multiple Bankruptcies to Stop Sales He would wait until the day before the she...
3 Tips for Note Fund Management
Wednesday, January 19
I was a recent guest on a Note Investing podcast. A lot of note investors want to hear the stories of the notes or get more information on the foreclosure process or other specific actions involved in the acquisition and liquidation of individual notes. This interviewer, however, was interested ...
NPN Story: Complete Win Win Short Sale
Thursday, July 15
I love it when I can share a story where we didn’t have to foreclose. (I told a previous story in which we accepted a deed in lieu of foreclosure and allowed a borrower the opportunity to move on with her life.) This note didn’t have a great start but, with some patience, it ended up being a fant...
NPN Story: Double Header Short & Sweet
Tuesday, March 02
I wrote a blog post on what it looks like when things are easy. Not all borrowers fight. Not all foreclosures have overly complicated title or other issues. Lots of borrowers choose not to fight for various reasons and some foreclosures happen without delay. Here are two stories of quick foreclos...
NPN Story: Las Vegas Bankruptcy Queen
Monday, December 21
In 2019, we bought a non performing note backed by a nice home in a Las Vegas suburb. We’ve had some borrowers know how to abuse the bankruptcy system (see and This borrower, however, turned out to be one of the worst examples I’ve ever come across of someone who knew how to work the system. S...
NPN Story: Sub Performing Gem in Memphis, Tennessee
Thursday, December 17
NPN Story: Sub Performing Gem in Memphis, Tennessee This house might not look the best in this picture but the rest of the houses in its solid, working class neighborhood in Memphis, TN, were nice and clean. Borrower Reinstated after We Purchased We bought the loan backed by this house in Febr...