What's the difference between Performing Notes & Non-Performing Notes? | HoltonWiseTV Highlights ___ If you're just getting started in the mortgage note investing business, you've probably got a lot of questions. Investing in mortgage notes is a lot different than investing in actual properties. One of the first things you'll need to learn about when buying mortgage notes is if the mortgage notes you are buying are performing notes or non-performing notes. There is a big difference between perfo
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Don't get scammed buying a note you shouldn't. Selling a non-performing note in a tough market like New York State to a partner? That's a huge red flag. Watch out for missing info and outdated details – they tell you everything. #NoteInvesting #RealEstateScams #InvestmentTips #DueDiligence | Scott Carson
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PSA - Context before there are to many comments to respond to. Lender REO is completely legal, if done correctly! Buying non performing notes with initial intent to own or foreclose on the property to own it, IS RACKETEERING Buying non performing notes with intent to recoup its financial balance is 100% legal, which CAN consequently LEAD TO foreclose on the property to eventually own it with all its REAL ESTATE BENEFITS over its financial benefits(aka the note). Intention matters and CAN be prov
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