A Halt in Short Sales/Foreclosures is a Good Thing for Nonperforming Note Buyers

So many ask why REALTORS would do this for you for free. Well, it’s about starting relationships. If we purchase a nonperforming note on a property in their area, become the lender, and the take the property back as my own personal REO via deed-in-lieu or foreclosure, then we’re going to need someone to list/market it. WE all know that 85%+ of real estate is sold by REALTORS, so it would be silly to NOT to use one to help us sell fast, reap our profits, and move to the next deal.

Bottom line, is that we could not do this well in our niched business without our team players like title companies, REALTORS, appraisers, attorneys, etc. Get your team together NOW! And by the way, we have both of those notes under contract with the lender and will be closing by the end of the month. If you don’t get into nonperforming notes, now, you will regret it!