All Forum Posts by: Czarina Harris

You'll need to find yourself a note investor who can sell you a partial from their own portfolio. 

$10,000 isn't very much in the way of a partial, definitely not enough for a full note (though I have seen some $16-18k notes recently), so the partial that you buy would have to come from someone who may have bought the note with intent to just keep it.

As Bill mentioned, when you buy a partial, you're buying the front end payment stream. So if a 30 year note had 200 payments left and you bought 60 payments, then those 60 would come to you right now and the last 140 back to the original owner.

A seller will give you a contract to sign and they may have their servicer handle the closing. I wouldn't recommend buying partials on notes that aren't 3rd-party serviced.

The contract should spell out exactly how many payments you're buying, for how much and the estimated return you should expect (no guarantees).

@Linval T. I tend not to fall for the doom and gloom reports, even if they do come true like the case of Dodd Frank. I actually see a positive in something like this coming to pass because prices for NPLs will have to drop significantly to compensate for the extended timelines.

At least it should.

However, even without that setback, we still have a significant amount of inventory to wade through, at least 4 years worth at the pace we're going now.

What are some of your predictions for the note industry as we begin 2016?

I am gathering up my thoughts about it, but wanted to see what the wider audience here on BP thinks.