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Updated over 6 years ago,
Non-Performing Note Exit Strategies
Do you buy NPN's that meet a particular Exit Strategy? What is it and why?
For me it's simple….when I buy an NPN, my objective is to help the borrower get back on their feet with a payment they can afford. Thus, I only look to buy notes whereby I have a high confidence level I can help the borrower with a workout. With that said, I'm prepared for the plan B, C, and D. I always like to hear from folks that are not partial to a particular exit strategy😊