Raising money to buy notes aka defaulted mortgages aka nonperforming notes is obviously an important part of the note buyer’s business (not necessary for brokers, however).
Here is an email I recently got from someone who’s landed a few meetings with some venture capital funds (kudos to him - there is a TON of interest in [...]
So you want to buy defaulted mortgages and non-performing notes?
Good.
You’ll want to meet Saprina.
She’s a veteran - a former seller of Notes at one of the largest national banks.
And I’ve asked her to share tips on how to get YOU in the door with banks.
She was a mentor for me on my first note purchase. [...]
Hello again,
just playing around with different formats of the blog posts.
Let me know in the comments section if you prefer Audio versus the written word.
I also will put up more Video answers again soon.
Talk soon,
Dean
PS: Below is the AUDIO answer to the question “What if the banker asks me for Proof of Funds? (And I [...]
On buying discounted mortgages:
Two weeks ago I had the pleasure of meeting Terry Vaughan (whose wife runs creonline.com), and who’s a genius when it comes to paper of any kind.
Terry was royally entertaining us at a conference that John Behle was running in Provo Utah, about how he deals with bankers when he’s buying [...]
