All Forum Posts by: Tim Rothermel

Hi David,

Thanks so much!  Coincidentally, I found them in a google search and started emailing one of their directors.  What they do is allow note holders to donate for a tax write off then Community Health Training finds a way to monetize the note to fund their charitable endeavors.  It's a great cause and could be a great way for people here as an exit plan to a note that isn't working for them.

However, I'm looking more to purchase a note and basically forgive it by erasing the debt and allow the family/borrower to remain in their home but now do so debt free.  I know this hasn't been done in the medical debt industry, trying to educate myself enough to see if it can be replicated in the mortgage world.

Thanks!!

Hi All!

I'm new to the note industry and looking to try a new angle on it.  (Well maybe not new, but I haven't found it yet).  I'm wondering if it's a viable idea to build a charity around the idea of buying distressed notes with the intent to forgive them outright.  In my initial research it seems like this may be possible if I target 1st lien notes and verify occupancy when doing the due diligence.

Just curious, does anyone have any experience doing or trying this at all?  Any thoughts/advice/warnings would be greatly appreciated.

Thanks!