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Updated over 9 years ago,

Account Closed
  • Real Estate Agent
  • Las Vegas, NV
1,347
Votes |
2,334
Posts

Non-Perfoming Notes 100% UPB

Account Closed
  • Real Estate Agent
  • Las Vegas, NV
Posted

I have been searching the fci exchange and have come across a couple of non-performing firsts that are selling are over 100% upb .I see that the note is at 8.5% ,the original balance was at over $200k and it is now around $50k The property is worth around $100k Why would anyone buy this note and why would anyone give such equity to the original owner?

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