Hi Jackson Ms - Loan went into default and im about to sieze the collateral but know nothing of the area.

Instead of selling and triggering taxes, I’m looking at staking or collateralizing part of it. 

Vet hard: ask for a recent tape they sold and buyer references, verify they’re the seller or have a written mandate, avoid anyone asking for upfront broker fees before diligence, and insist on a clean chain of assignments plus collateral file access under NDA.

Notes work when you keep it boring and defensible: buy paper you understand, secured by real collateral, at a discount that pays you even if you need extra time.

I typically focus on three main areas: checking the borrower’s payment history, assessing the collateral’s current market value, and running the numbers to make sure the note offers a solid return after all costs.

Focus on collateral first LTV, property condition, market rent, then the payor’s story and payment history; price yield to risk and prefer clear remedies with a recorded security instrument and servicer in place.

That said, if you have strong equity and clear exit strategies, there are private lenders who may still be open to it—especially if you're open to cross-collateralizing or creative terms. those props if they are in a major city are squarely in the HOOD /  HIGH RISK or some small 5k pop town in fly over country.. just not worth the effort..

Sometimes pairing with a private lender or even offering better collateral keeps the deal alive.

Lead with a simple credibility stack: be clear about your buy box and pricing logic, share a one‑page deal sheet on every trade (collateral, payor history, servicer notes, exit plan), and match your promises to your updates.

For lenders: what are you doing differently now in terms of collateral, terms, or borrower selection?