I have a client that is in bankruptcy protection (ch. 11) because a lender failed to perform on a $33MM loan.Project is mixed use right on Ala Wai harbor in Honolulu.We have secured a $4MM Equity loan but because client is in such a precarious situation lender is charging high points and only giving him 2 months balloon maturity.

Hi Fellow BPers,This is a success story about helping homeowners and profiting from a non-performing note backed by a 1st mortgage in Washington, DC.

I told her of course they would say no because it triggers the due on sale clause – but they don’t have to call the mortgage and my plan was to of course tell them I was taking ownership of the property and have full plans in place to continue to make it a performing asset and then would re-finance later to get them fully paid.

The property did perform well with only 10% down because we bought it at an excellent valuation.  

Hi @Christine Mwai  Perform a quick search for portfolio lenders.  

Also feel free to ask me any questions you may have about building maintenance or the daily tasks of a building or its maintenance crew.

Notes - performing and non-performing! 

Servicing is a component of every mortgage transaction that must be performed. 

There is about a two year school of hard knocks to go through as well starting out so be prepared for some scammers to take your potential profits for awhile until you figure out how to do it right.Maybe you would be more happy with a 12% return as a performing note holder rather than a lender yourself.  

I have started to pay mortgage fees, title loan, and even had a home inspection performed.