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Updated over 2 years ago,

Joe Daigle's profile image
Joe Daigle's profile image
Joe Daigle
  • Member since Nov 9, 2020
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69
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21
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Joe Daigle's profile image
Joe Daigle's profile image
Joe Daigle
  • Member since Nov 9, 2020
Connect
Joe Daigle
21
Votes |
69
Posts
Tax Liens & Mortgage Notes

Overbidding on 1st position performing notes

Joe Daigle
Posted

Hey note investors,

I have noticed that a lot of bidding on 1st pos performing notes is being won by investors bidding above the UPB. Is this the new norm or just overzealous investors? Also, I was taught that a note is always discounted/because of risk and the time value of money. Why would someone bid higher than the balance?

Thanks for all your replies.

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