Performing Notes

[Jeremy Sanders]

I have a few questions in regards to purchasing a Performing Note, What does UPB stand for? It is a percentage down on the actual asking price of the Performing Note? Also if a percentage is not being requested, are you going to have to pay the full principal that is left on the Performing Note already in order to claim ownership of it? Or do you just put a certain amount down on the current principle loan until it is paid in full. My last question is do you have to pay all other fees on the performing note before you can claim ownership of it. For example, Foreclosure fees, keys, Deed of Title, etc. Or is this what will be paid for to you?