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Updated over 4 years ago,

User Stats

1,530
Posts
1,103
Votes
Andy Mirza
  • Lender
  • Ladera Ranch, CA
1,103
Votes |
1,530
Posts

Most Delinquent NPN Contest

Andy Mirza
  • Lender
  • Ladera Ranch, CA
Posted

We just purchased our most delinquent NPN yet: 15 years, 9 months

Paid to date: 01/01/2005

Reason: Title defects

The borrower sold the property in late 2005 to a 3rd party. That 3rd party was able to get another loan on the property that looked like it was supposed to be a 1st. Our seller completed the title claim a year ago, which cleared title. House has been vacant for sometime so the borrower and 3rd party gave up a while ago. All we have to do now is get a judgment, which should be easy since it's uncontested.

We have several other NPNs in the 10 years or so delinquency category.

Can anyone beat 15 years and 9 months?

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