How to do due diligence on buying mortgage notes?

[Ivan Lai]

Hi, I'm trying to start investing in non-performing mortgage notes in hopes of finding notes where I can evict homeowners and flip the house.  What's the best way to do research on what other loans have the property as collateral?  If I'm buying 2nd position loans, how do I find the info of 1st position note owner?  Thanks for your help!

[Guy Olds]

@Ivan Lai  You said "I find it puzzling that a borrower can squat in your house for 4 months without paying a penny they're owed, and possibly destroying your property in the mean time,"

When you buy a note you don't own the house. The homeowner does. You just own the debt on part of the house. And if you go for 2nd position notes you're only a junior lien holder at best. The homeowner is not squatting in their own house, they're just not paying their debt at that moment.

Your language sounds like you are a predator who thinks that other people's property is yours and yours to take. That attitude and language will put you at risk of going to jail in most states not just California.

Getting a good education that you pay for in the proper way to buy and service notes will help you greatly. Staying misinformed will not.