buying notes

[William Chrisman]

Is there a trusted website for buying selling notes?If not a website then where is a good place to start?

[Dion DePaoli]

William it is not completely clear on what you mean by "trusted". There are indeed websites which legitimately market whole loans. Those include FCI Exchange, Loan Market, Loan MLS to name a few. Additionally, there are auction sites such as Auction.com and NIAM.com which sell via bid auction whole loans.

Here on BP there are some folks who work with various sized investors new and experienced in the identification and acquisition of whole loans. My firm does training for those wanting it and then adds that investor to our sales distribution list to see what we have for sale. Dave Van Horn's firm also does something similar with investors but focuses on second lien positions. I know we do not charge for training and I believe most of Dave's stuff is free as well. The benefit is training the investor who you can then work with, much more beneficial than a training fee.

Then, as far as I know, BP is the single largest whole loan discussion option available in the market. Folks with varying experience in both private and institutional markets including a resident retired examiner. So in that sense, BP, IMO, is one of those "trusted" sites, as there are too many of us here for information and knowledge to be inaccurate.

So welcome! Feel free to further detail your inquiry as needed.