Purchasing Mortgage Notes At A Discount

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A lot of people go after short sales but I understand that financial institutions will sell the actual note (not the property) at a discount and they prefer this method.

Can someone tell me how one goes about purchasing the note? Are you contacting a Loss Mitigator or someone else in another unit?

What do you ask them when you want to purchase the note at a discount?

Any information would be helpful. I understand that Donna Bauer sells a program for about $599. I do not have that kind of money right now.

Comments(4)

  • SolutionsKid29th September, 2003

    Yeah, Donna does and I have taken her class.

    Private Message me or email me (under profile) and I will see what I can come up with. I haven't done it yet on the discounting side, but I have been itching to read the stuff I paid $599 for


    The Solutions Kid
    [addsig]

  • InJaxIam30th September, 2003

    Ouch, that is expensive.

    I just spent $14.95 to become a certified broker associate. Granted, I'm not investing notes --- not yet, only referring them to a financial company on a commission basis.

    Does this Donna person have any cheaper material available?


    Quote:
    On 2003-09-29 18:49, SolutionsKid wrote:
    Yeah, Donna does and I have taken her class.

    Private Message me or email me (under profile) and I will see what I can come up with. I haven't done it yet on the discounting side, but I have been itching to read the stuff I paid $599 for <IMG SRC="images/forum/smilies/icon_wink.gif">


    The Solutions Kid

  • smr1sun6th October, 2003

    Looking to get started in the note business? Need a mentor? Need access to note buyers? Private message me and get started.

    Mark

  • InJaxIam6th October, 2003

    Hi, Mark,

    Hey, neighbor, I'm not sure if the post was to me, but I'm responding to it anyway. Yes, Yes, and Yes, I'm so ready! My work e-mail address is ****Must Reach Senior Investor status before posting URL's***s@bcbsfl.com.

    Quote:
    On 2003-10-06 09:23, smr1sun wrote:
    Looking to get started in the note business? Need a mentor? Need access to note buyers? Private message me and get started.

    Mark

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