Looking for nonperforming notes secured by SFR and MF in South Texas zips 785xx.
A “good” note depends on various aspects.
Location: Says it all.
Price: (in my experience Note price (regardless of UPB) should be no more than $0.43/$1.00 current value of the home in order to make a decent return after all is said and done.)
Borrower profile: Active duty military and bankruptcies are not desirable in my eyes.
Documentation: Recorded properly and originals in hand!
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