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.
Loan sold - Posted by Bipin Patel
Posted by Bipin Patel on July 15, 2001 at 10:36:14:
Hi,Friends.
Is there any way to find out that loan on a commercial property sold by financial institute to another institute for how much? And if I can find out how much the new institute paid for,then how much I can offer?The loan was in default and sba sold to one financial co. and that co.sold to other financial co.So I want to deal with this co.directly.Is there any expert or consultant can help negotiate this thing!
Thank you all in anticipations.I admire this site of knowledge and wisdom.
Bipin