Today’s headlines - large institutions are being created to buy discounted bank notes. From Forbes:
PennyMac will buy distressed mortgages at rock bottom prices with capital raised from private investors and turn around and sell the mortgages for a profit. The aim, Kurland said, is to avoid home foreclosures and restructure loans so borrowers can maintain [...]
Sorry I haven’t written recently - we’re in the process of raising more investor money for upcoming pool note purchases. I’ve also been asked by another note investor to help him with his financials (he’s in the final stages of negotiating a $50M investment to buy non-performing 1st mortgages). This is what’s been taking my [...]
Just received the videos of testimonials from our recent Note Buying seminar in SF. I think they liked it…
Thanks for coming out, folks!
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