Chain of Assignments: A Fundamental of the Note Business
Tuesday, June 09
There are many nuances to note buying and handling mortgages in this emerging industry. In addition to buying the actual notes, other steps are involved such as short sales, foreclosure, collateral, reform laws, analyzing notes, equity, fundraising, workouts, etc. Therefore as a note buyer, beco...
The Secret to Success is Simple, Set Goals!
Monday, June 01
Goals as One of the Secrets to Achieving Success.By: National Note GroupLet’s be honest, we all want to know the secret to success! Some people spend their time asking others “what’s the secret” searching for the easy way out instead of going through the process and finding out on their own. Othe...
Interpersonal Skills in the Note Business
Tuesday, May 19
Learning How to Speak to HomeownersThis idea of building rapport should be a top priority for any person in the note business. Note buyers are always on the phone with homeowners and interacting with lenders and brokers, etc. People who don’t really know how to be social in today’s world are very...
Paper Vs. Real Estate
Tuesday, May 12
“OUCH! Honey, I got another paper cut. Can we buy an electric envelope opener? Also, please pick up some more deposit slips when you are out and some Grey Poupon.”Sure Beats Landlording!Remember the days of being a landlord (though a therapist would probably tell you to try to forget). Plunging t...
Second Can Be Better Than First
Monday, May 04
Unlike first lien notes, servicing second lien notes requires less care as there is no requirement to maintain tax and insurance escrow accounts. Regardless of economic conditions, there were, are, and always will be residential mortgages in default. While pricing is low today, so are Horne value...
Interpersonal Skills: How to talk to the home owners
Tuesday, March 24
This idea of building rapport should be a top priority for any person in the note business. Note buyers are always on the phone with homeowners and interacting with lenders and brokers, etc. People who don’t really know how to be social in today’s world are very limited to opportunities and possi...