Posted by Nick on July 16, 2001 at 17:10:38:
I buy privately held mortgage notes and flip these notes to investors. Usually there are only certain investor who want to buy notes that are in default. Those investors don’t want the note they want the property. I would say that the final note buyer is now foreclosing on the property for that reason. Sorry I could give you any other help. Most of these deals are done in private so that the purchase of the note isn’t recorded in public record.