What is the most hands off way to deal with PNs gone sour?

[Gary Dezoysa]

Hi,

Being on the other side of the world (Asia) I am looking at performing notes as a way to get safe above market returns. The hands-off factor is a big deal to me, I might do a little paperwork if it makes sense to. But obviously I do not want to foreclose, take possession etc if I can help it.

What is the most hands off way for an out of state/country investor to minimize losses on a note that turns sour? Is it relatively easily to turn around and sell a small note or partial interest to an NPN investor? Or would I need to have a rolodex of specialists on hand to be safe?