WHO SAYS BAD CAN’T BE GOOD WHEN NOTE BUYING?

NNG Targets Non-Performing Residential Mortgage Notes for Cash Flow.

May 21, 2014 1:30P.M.

As most of us know, growth comes with responsibility. Unlike Barbie and Ken, dolls most children played with in their younger years, our dream houses come with a cost and they can vary in expense. Money management can be tricky when balancing a 1st and 2nd mortgage. Does it have to be? Believe it or not it, no. The company National Note Group (NNG) believes the right strategies can transform non-performing mortgage notes into secured cash flow for companies and performing note buyers as well as help homeowners by providing creative financial solutions and avoid foreclosure.

What do we do? Our company NNG acquires, manages, and liquidates defaulted residential mortgages. Different from most banks, we do not lend money nor originate mortgages. NNG buys 1st and 2nd lien mortgages, secured by real property, at discounted purchase price and either sells to note buyers or keeps them in the company portfolio. As a note buyer there is a responsibility to manage mortgage notes and collect mortgage payments from homeowners. Homeowners do not always pay, however, and that can result in non-performing mortgages notes.

Nonperforming mortgage notes develop from owner’s failure to make payments for 90 days or more on their mortgage loans. It might be referred as “bad paper” yet in this real estate market it is fairly common and very inexpensive. We specialize in non-performing mortgage notes! Some say it’s risky, but for us it’s not about acquiring properties. 95% of NNG’s deal execution is focused on borrowers and helping them.

Our business model is to purchase bank’s bad asset, contact the homeowner and conduct research on their financial history and what led to these hardships. Finally, we modify the payment plan so they can successfully make their payments. Because NNG is able to acquire mortgage notes at a discount, we are able to negotiate beneficial terms with the homeowners, allowing them to stay in their homes. So I’ll ask you again, still think non-performing mortgages aren’t worth investing in?

For more information, visit NNG at National Note Group Facebook or NNG Company Website.