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Buying non-performing loans or notes with a 1st lien is a great way to invest in real estate without the headaches of owning the house. Non-performing loans are loans where the borrower has fallen behind on or has stopped making payments. In the past, banks would foreclosure on these loans and sell the property to satisfy the unpaid balance of the loan, but now banks are selling these notes to investors without foreclosing.
Since the notes are non-performing, you can purchase them at a large discount to the Unpaid Balance of the loan (UPB). After an investor purchases a non-performing loan (NPL), the investor can take many different avenues to profit on the loan. The first priority is always to get the loan back current and keep the owner in the house.
If you are interested in finding out how you can make above average returns investing in non performing notes please add your email below to receive more information.