Buy defaulted note instead of short sale?

[Michelle Kasper]

Hi everyone, I have been focusing on flipping short sales for the past couple of years. I recently came across an investor that was buying the note instead of doing the short sale to get around seasoning issues. I just wanted to see if any of you are using this method right now and if in fact it is still a viable way to get deals done considering all the changes that the banks are making.

I would really appreciate any feedback that you might have.

Have a great weekend!