Distressed Assets (notes,judgments etc)

[Fletcher Clardy]

I had a video conference call this morning evaluating a judgment pool we received and was considering purchasing.

The pool was not very good but had a few gems that could potentially be recovered. If your unsure of a judgment pool it is a consolidated list of defaulted loans and/or distressed assets that the bank will package and attempt to sell. 

Some of the criteria that made it sub par include; 

1. Loans in 100% homestead states

2. Borrower's over 65 so cant touch their bank account

3. Borrowers dead or in jail.

Does anyone else purchase distressed assets? If so have you made an offer on a judgment pool? What checklist do you use when evaluating the pool and determining the risk involved with the recovery?

Fletcher 

Clarity Equity Group