All Forum Posts by: Larry Taylor

Hey guys,

Would love your help and guidance.

The local bank I am buying from wants to get rid of the mortgage note and willing to part ways with it at 55% of the current principle. The borrower filed for chap 13 bankruptcy protection a couple of years ago but has continued to make payments, even during the pandemic. What is my biggest downside risk?

Would love any guidance.

Thanks,

Taylor