managment after foreclosures

[Athol Dickson]

I'm thinking of getting into buying notes, but I want to do it for retirement income so it needs to be as passive as possible. I will use FCI to service the loans and manage defaults and foreclosures, but can anyone suggest trustworthy companies that specialize in managing properties AFTER foreclosure? What I need is someone to inspect the property and report on its condition, secure the property, maintain the property, and oversee any work required to get it into saleable or rentable condition. Of course I've found several companies through Google searches, but two problems: 1) most of them seem to be focused on bank REO's and are probably not set up to handle smaller accounts like me, and 2) it would be easy for them to take me to the cleaners since the whole idea is for me to be as hands-off as possible. So I'd really appreciate suggestions from some of you who have personally worked with companies that are fair and ethical. My primary markets are the major metropolitan areas in Texas and Georgia. Thanks!

P.S. I realize I misspelled "management" in the subject line. The software doesn't seem to allow me to edit that. :-)

[Darren Eady]

@Athol Dickson

You mentioned "passive" as possible and then you mentioned "non-performing notes" - these words are an oxymoron.  If you are looking for passive income, then you want performing notes.  Non-performing notes are on the opposite side of the "active-passive" spectrum.  I'd be happy to explain further if you'd like to connect.