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Updated almost 6 years ago on . Most recent reply

Michael Roberts's profile image
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Michael Roberts
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Tax Liens & Mortgage Notes

Non-performing Note Question

Michael Roberts
Posted

Are there any considerations for buying different types of non-performing notes? FHA, USDA, VA? I'm looking at VA NPNs in MO at the moment. Thanks!

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Cody Cox
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  • from Wilsonville, OR
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  • from Wilsonville, OR
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Cody Cox
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  • Wilsonville, OR
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Cody Cox
  • Note Investor
  • Wilsonville, OR
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You will need to be sure the loan servicer is set up to service a Fed VA loan. Pricing at acquisition would not necessarily be different, but the servicing side is. Also, be sure the VA Guaranty is still valid.

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