Note Investor from Philadelphia

[Robert Hytha]

Hey everyone, I'm very excited to be a part of this thriving community of real estate professionals and investors! So far I've been very impressed by the networking possibilities and marketing potential of the forums, blogs and other features of the site let alone the vast amount of knowledge that is available on everything related to real estate!

I'm a senior marketing and communications student at Eastern University on the main line in the suburbs of Philly and work at the Radnor Financial Center with a real estate mortgage note investment company called US Mortgage Resolution. I'm very fortunate to have this position and I'm super excited for my future with this company. :D

Just to give you a brief synopsis of our niche in the note business, we purchase primarily non-performing second mortgage notes in large pools (large for individual investors but fairly small in the broad scheme of things) at a discount then contact homeowners frustrated by inefficient bank collection agencies to help them get on track and begin paying again. Because of our significant purchase discount we can offer the homeowners a significant discount on their payments encouraging them to begin paying again. We exit these notes through discounted payoffs, the sale of re-performing notes (email me if your interested), or various other methods. We rarely exit through foreclosure and if the homeowner wants to stay in their current house, we help make that happen for them. I'm happy to have found a company with a business model that I feel is consistent with my ethics and at the same time very lucrative. :mrgreen:

In order to be as transparent as possible I feel it's important to express my goals for joining this forum. I want to help other note investors and potential note investors learn the business by answering their questions about things I'm familiar with, I want to build relationships with note investors to potentially work together in purchasing large pools, and I want to make friends and be engaged in interesting conversations!

I also wanted to thank the moderators for doing such an amazing job keeping the community free of spam and irrelevant info. I started my networking and marketing on the internet with LinkedIn but quickly found it was overrun with scammers and spam. Here at Bigger Pockets I can't complain about any of that! (Unfortunetly the same moderation I'm raving about actually cost me some influence points when I posted in the wrong forum!:cry:)