To any veteran short sale experts and note brokers,
Is it cheaper and/or easier to buy a non-performing mortgage note from a lender than it is to do a short sale (assuming you can contact the note holder)?
:cool Banks and mortgage compines are not as willing to sell one or two notes
They are in to bulk as in large large amounts i am thinking not less then 10 at a time
Banks and mortgage compines are not as willing to sell one or two notesThey are in to bulk as in large large amounts i am thinking not less then 10 at a time
I bought 2 notes from a small local bank. Buying the note is much easier than doing a short sale. However, buying the note doesn’t get you the deed. The owner of the property still has possession unless you foreclose or work out a deed in lieu of foreclosure.
Good Luck,
Mike