You might have come across non-performing notes for sale recently. These are accounts where collection attempts have been unsuccessful. If you think this sounds like a difficult thing to purchase, that’s where you may be wrong. Buying these non-performing notes for sale is actually easier than you think because many lenders are willing to sell non-performing notes at a loss.
That means profits. You see, non-performing notes for sale are actually secured debts. What does that mean? Good new for you; even if the Mortgage fails to revive its performance, the note owner is still entitled to the property. Overall, investing in notes for sale can be an excellent alternative to high intensity foreclosure auctions.
It’s easy if you follow these tips:
Moreover, if your payment plan does fail, as they sometimes do, then unfortunately it is time to go ahead with the foreclosure process. This process is tricky and can take anywhere from six weeks to six month depending on what kind of property is held and what actions the mortgagor takes. While this is of course time consuming and annoying, the sun will appear once the process is over and you get full legal possession of the property.
Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027