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Updated over 14 years ago, 04/08/2010
Looking for Note Buying Help
Hi BP Community,
I need some help with info that I remember reading on this site about buying or almost forcing the banks to negotiate their NPN as long as I can get the homeowner to cooperate by sending in documentation that supports the fact that the bank can receive some of their investment and save the homeowner from the foreclosure.
I know there are some very experienced note investors here and there is one I remember in particular that stated he has done it several times over several decades using that method I mentioned above.
If anyone can tell me where on the site I can find some detailed information about negotiating with the bank to buy a single NPN that would be wonderful. Or if any of you can share some tested techniques that will help me negotiate a single note with the lender.
I really hope that BP can come through because I think this may be my future if I can get a great model set up.