: Verify the property value via BPO (Broker Price Opinion).
: Some states require a debt collection or mortgage servicing license. 🔍 Step 2: Source the Notes
: Review the pay string to see if the borrower is consistent. how to buy mortgage notes
: Larger funds often sell tapes (spreadsheets) of smaller notes.
: Contact "Special Assets" officers at regional banks. : Verify the property value via BPO (Broker Price Opinion)
: Individual sellers who "carried back" paper during a sale. ⚖️ Step 3: Conduct Due Diligence
: Notify the borrower to send payments to your servicer . how to buy mortgage notes
: The contract governing the transfer.