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Updated about 9 years ago on . Most recent reply
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Chase Bank Departments
Does anyone know if Chase has a non performing note department? If so, whats the best way to reach them? Ive been passed on to several departments just to end up with no results all day today.
Thanks
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Bob Malecki
#5 Tax Liens & Mortgage Notes Contributor
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Jeff, I would not waste my time on trying to buy NPLs from any of the big 5 lenders. They sell in >$100M pools to large funds. You could try to work with a local portfolio lender if you want to 'buy direct', but I prefer to tap into the tail-end of the NPL pools as they migrate down-market to us little guys.
Bob Malecki, Resolution Capital Management LLC
http://www.rcm.company