Anyone bought notes from Scott Carson before

[Pari Thiagasundaram]

Anyone bought NPN from Scott Carson ? He said his notes are for season investors and his mastermind group only at this time. Costs about $8997 to get into it.

Any thoughts on this ?

[Scott Carson]

Thanks for all the kind words @Jay Raught and @Beverly Fast Sinclair and @Wayne Snell.

In response to @Bob E. question about shadow inventory (I can't believe I missed this question that long ago), there is a ton of shadow deals out there.

You still have 6 million loans underwater, along with 3-5 million loan modifications coming due that are starting to default with the loan's adjusting. If you add in all the CFD's that are hitting the market (which were originally low value NPN's that were foreclosed on or DIL'd back to the banks) and you've got a tremendous amount of deals out there.

One thing I don't hear too many people talking about is the large rate of commercial defaults starting to happen.  We've been keeping track of this for a while.  

Another source of deals would be the "trickle down" inventory from the large companies buying the Fannie Mae trades.  Yes, the funds have their bread and butter assets that they want, but there will still be around 20% or more of those trades that the fund doesn't want that they will move after they figure out exactly what they have.

So the long answer to a short question is Yes, I do believe and see shadow inventory.  

@Alin Toncz give me a call to discuss.