mortgage simple definition: How to find Non Performing Mortgage Notes

How to find Non Performing Mortgage Notes

How to find Non Performing Mortgage Notes. Capital Mortgage Notes

How to find Non Performing Mortgage Notes video duration 5 Minute(s) 2 Second(s), published by Rah Sheen on 03 04 2019 - 08:28:16.

www.NoteKings.Com Part 1 of 3 in this video we Explain How to find Non Performing Mortgage Notes
Part 2 (Funding Non Performing Notes.Coming Soon)

. Many home owners and investors sign closing documents including mortgage, deed, promissory note and deeds of trusts without really understanding what they

www.NoteKings.Com

Part 1 of 3 in this video we Explain How to find Non Performing Mortgage Notes.
Part 2 (Funding Non Performing Notes.Coming Soon)
Part 3 (Flipping Non Performing Notes.Coming Soon)

INVESTORS get a better return then you been getting goto (signup) http://bit.ly/notedeals

See how. YOU can be the bank (webinar) http://bit.ly/bthebank

SUBSCRIBE! and follow me socially

Rah Sheen
347.948.8101
www.NoteKings.Com
Rah@NoteKings.Com
Facebook.Com/NoteKings
YouTube.Com/Rah756
LinkedIn.Com/Rah-Sheen
Instagram.Com/Rah.sheen

one of the biggest sources for finding distressed properties that many investors are already comfortable with is foreclosures. Now forclosure.com will give you a list of pending foreclosures in the states or counties of your choice. Keep in mind It is a paid service, but you can see many different listings, in the top cities, counties and all that good stuff. With that you can use the foreclosure lists to find banks that are getting ready to foreclose on assets with the whole goal of contacting them. And getting on their list of investors, their note investor list that they send lists out to on a regular basis.

You want to make sure that the banks have distressed assets on their books, and They're going to have more besides the ones that are listed on the site, Investors I know use the foreclosure list more as a source to find banks and use that information to contact them.

Every state has different Foreclosure Listing Services if you don't want to use foreclosure.com which we used them only as a reference. Once again keep in mind these services might be paid.

Ok, So once you have got one of these services and you have found your area of interest, and you found a address, description, the mortgager's name. The mortgager means the borrower's first and last name. You want to see who the actual mortgagee is, the lender. the two relevant pieces of information when looking for banks is the mortgagee and the trustee. The trustee is the actual attorney who's performing the foreclosure. when you do get the banks info get rid of the big banks. get rid of the Bank of America's the Chases, the City Banks, the Wells Fargos, etcthe bigger banks on there that have so much information or so many deals, they're not going to sell a one off deal. They're not going to sell you a small pool.
you need to look for the smaller banks/ companies that may have one, two to three listing in your local market. that will sell you notes. some companies sell some of the notes on properties that they've built. also some of these private individuals in these services are people that have lent money out. You may want to contact them to raise funds.
Speaking with the trustee might give you a better insight on if a private investor might wanna lend out for a good return.

Now, after you get rid of the big banks you should have a more refined list of banks in your area. Now this gives me much more of a better list, from banks that are more likely to sell a one off note.

Now my whole goal when I contact the banks is not to go after the address of the foreclosure. my goal is to use the address as a warm lead into the asset manager. So let's go to Meta bank here. So, I'm going to call Keesha who's the asset manager atMeta bank, Also drop an email to Keesha on the specific property from the foreclosure listing site and also don’t forget to leave a voicemail and see if they'd sell the note.

They're probably going to tell me, \