All Forum Posts by: Theresa Davidson

Haha Dave you rock :) I have not jumped ship and I am pleased with all the available teachers BP has - I do however look towards the more positive people here: willing to guide me with the steps to take versus admonishing my query. I said I was New and inquiring to the Experienced Investors for what this site was set up for.

I am a realtor and I run into all these short sale people but we know all shorts end up losing their house; I understand a mod could redefault but if I could give someone a chance to keep it and I make money plus have the future opportunity to be first in line should the house redefault, I want to know how to do this. I will keep studying...

Thanks for all the replies and I will probably take you up on your 'more information' Dave. I understand I did inquire about an advanced subject. I am just in the process of lining up an investor for backing and wondered what it would take to begin a business like this. Have a nice evening.

Thanks Bill!

I appreciate this...the curing of the default, do you mean the homeowner is behind on payments or has received a LP and then they request the Note be purchased in order to stop the default and renegotiate the terms/back payments with the new note owner? And now when you get the note for a discount, you collect the payments, or any other recourse to handle it?

I just see there are a significant # of people in this position and would like to be in this business. If there is a course I need to get, please advise.

Hello experienced investors...I have been reading threads and have a 101 knowledge of notebuying from other short teachings but still need a great teacher. I want to buy non-performing notes from smaller banks on SFR, 1st lien positions and either renegotiate the note for the homeowner, or obtain a DIL to sell to an end buyer.

My 1st question is: In negotiating from the bank, what is the best offer structure so that you get them interested and find success? What if I want to buy the note at 50% FMV of the home? Is there a certain quantity of notes to buy to be able to offer this figure or is that an unreasonable percentage to even go for?

Also, is it ever successful if you have a homeowner with an underwater home/lis pendens who would want you to buy the note from the bank and it just being one note, they agree to sell to you at a discount? thank you for all insight.