All Forum Posts by: Gabe K.

Hi Fellow Note Investors,

I own a NPN where the market value of the house is actually large enough to cover the UPB + all the accrued payments and fees (3 years). However, I want to be the nice guy and modify the loan and keep the homeowners in the house since they want to stay there.

What is the minimum number of months of accrued payments you would accept in the loan mod? I could technically foreclose and get a big payday so there is a balance here I need to strike.

Has anyone had this situation before? Thank you!

HI Note Investors,

I currently hold a reperforming note where the borrower has a very impressive track record of 24 months of payments since her loan mod.  I would like to help get her refi'd so 1) she will save money and 2) I can exit this investment with a significant profit.

What steps should I take to get her to refi? Should I write a letter to her explaining  she can be saving hundreds of dollars each month in interest if she refi's?  What strategies have you employed?

Thank you!

Thanks, Bob.  I will do that!

I was also thinking of having a virtual assistant call them to remind them.

Hi Fellow Investors,

I have a couple of notes in states where they still have hardest hit funds.  What is the best way to get your borrowers to apply? Call them, write them a letter, have the servicer call them? Is there a service that does this?

Thank you for your feedback.