All Forum Posts by: Cody Cox

That might depend on what you mean by "managing" them. I use a system called PipeDrive, which allows me to track the progress of each file. They do need to be input individually, as all the loans will progress independently. With Pipedrive, you can customize each milestone and move them along through each stage. 

I use Mark J. Kohler's attorney's office at KKOS' Mail Forwarding Program. They charge $200 per year. Most of my entity and tax structuring is with Mark.

I've learned from the past not to use my home address. I now pay for a service that the mail goes to, and they forward it to me via a secure email, where I can read and ask to forward the original should I want it. The fee covers 3 of my entities and keeps this separate from my personal address. Plus, its completely digital unless I want the original.

Every seller, buyer, tape, and even the asset are unique. It all depends upon the note buyer's individual model. It also makes a difference if one is buying a one-off or a pool. As @dandeppen indicates, you must tailor your ROI calculator to include all the anticipated costs that you feel are valuable in calculating your bid. Always keep in mind value, taxes, and title. And, bid off value or UPB, whichever is lower. Don't be lured into bidding off total collectible balance. That additional amount is not always a sure thing.

You foreclose after 12 months of court proceedings. Finally, get title to the property (assuming there is no redemption period), only to find there are squatters in the house. Additional court time and costs to get them removed. Then paying the sheriff to forcibly remove them. Meanwhile, property taxes continue to be added, utilities continue to be added, and code enforcement adds fines. 

@Bryan Lyde, I haven't had the need (yet) for George's services on a foreclosure matter. However, he has been involved in some consultation matters I've been involved in. He is one of the long-term attorney's in this space and well known and respected across the industry.

George Caballero His website is his name.

Very good news. let's hope there is some litigation to pave the way for the other folks that lost $$ to Michigan tax sales.

I just had a MI CFD pay me $3,000 after 3 years of non-payment. Still due for 3/2018.

I know many of us are forging ahead with notes, sensing the same opportunity you suggest. The decision investors must make is are they interested in active investing or passive investing. Then there is the decision on performing or non-performing notes.