Here are our purchase criteria for buying notes:
1) Lien Position: First Mortgages (sometimes Second Mortgages)
2) Type: Residential Non-Performing Notes Only; We do not buy Contract For Deeds (CFDs) or REOs
3) Location: Nationwide, with special interest in FL, IN, MI, OH, TN, TX; We do not buy in NY, NJ, GA
4) Dates: Bank-Originated Notes BEFORE 2014
5) Property: FMV is more than $50K, Occupied SFR (No Manufactured Homes)
6) Collateral: Readily available collateral materials, pay history, credit reports, servicing notes, etc., need to be available upon request.
7) Pricing & Due Dates: For each tape/asset, please include pricing expectations and due date for bids.