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Defaulted Bank Note Or Short Sale.

charlotteinvestor profile photo
  • Thursday, June 28, 2007 @ 01:10 AM EDT
  • 2 Comments
Has anyone tried to buy a defaulted bank note. I understand the difference is that buying the bank note at a discount will give the note buyer a chance to take over the note and foreclose on the home owner. Has anyone done this type of deal? And do you usually get better deals than short sales?
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  • charlotteinvestor
    charlotteinvestor24th June, 2007
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    Thanks

  • linlin
    linlin28th June, 2007
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    Bargain, were you offered the 2nds or did you contact the note holders and make the offers?

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