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Updated over 5 years ago on . Most recent reply

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Matthew Lucherini
  • Colorado Spgs, CO
1
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Note investing, who offers a warranty on performing notes?

Matthew Lucherini
  • Colorado Spgs, CO
Posted

I am ready to invest in performing notes, and I know PPR Note offers a warranty on theirs however they have a limited number of notes available at a given time. Is there any other reliable source to purchase a note with some kind of warranty? Thanks.

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Replied

Neither have I. Usually there are enough terms in a MLPA that provide for recourse, assuming the buyer has completed competent due diligence. If you don't feel comfortable enough on a trade then don't. If you don't have the experience for thorough due diligence then hire someone who does so you are sure of the characteristics and risks in the deal. 

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