All Forum Posts by: Cody Cox

@Jeff Quintanilla I am an active first mortgage note investor in Portland. I also am the co-administrator for a Meetuo called Note Closers Group Portland. Feel free the message me. 

@Bob Malecki is a great resource. So is Bill and Sándor. 

Also, if there is enough equity to cover the first and your second, and the bidding tracks above both those loans, you would get paid. The danger is the bidding at the first's auction not exceeding both loan balances. 

But, by the first recording a Sun of Trustee, that doesn't mean they will. Eat you to the fcl. The dates are set by the timing of the Notice of Trustee Sale. 

you need to check for items recorded that are effecting title, so the assessor a office is of no value. As @eaynebrooks indicates, flip down to the county recorders office and look up the property on they archival system. That will should all liens, loans, etc that has a lien on your property. N

typically, although I haven't looked closely, counties set the opening bid at the tax amount owed. 

I don't invest in tax liens. My model is non-performi g promissory notes secure by residential real estate. 

Oregon is basically not a tax lien state. What happens is the county will eventually foreclose and then auction off the property. Oregon counties do not sell tax liens or certificates.  

Try FCI Exchange. 

I use an SDIRA for my note investing. A difference for me is that I would be considered an active investor. Being a passive investor in notes would be funding the transaction and allowing an active investor like me to manage all the aspects of the transaction, from sourcing the note to exit.

What do you mean by note fund? I invest in non-performing promissory notes and I am not considered an accredited investor. Plus, I use Joint Venture money from other investors that just don't have the or knowledge to invest in npn's.

For any Portland, OR area note investors, I will be hosting Note Talks, and informal gathering of other like-minded note investors on Thursday, August 4 at the Lloyd Center Double Tree. We will be in the same room as the mm they general meeting for Northwest REIA. No charge for this event.

It means Conventional Uninsured. More precisely, a conventional loan, not FHA or Va, that has no mortgage insurance. Typically that would mean they have a 20% or greater down payment or equity position.