So, I found a note but what do I do with it?
Well, you could either purchase it yourself, or broker it to someone else and keep a finder’s fee.
What was your plan when you went looking for notes?
You could broker it to me. .HA>.
Seriously you found a note, great. What do you know about the note? Do you have all of the information to make it marketable?
Term?
Rate?
How many months paid?
Any late payments?
Is it current?
What is the credit score of the person paying the note (important for little seasoning)?
What is the note secured by? (House? Boat? Business, etc?)