Is it best to purchase individual notes on a case-by-case basis, work with a group of private investors pooling money together or ????

It also depends on the individual you are mentoring, the local market, etc.

It is on a block where there are all new construction homes and only his old house with the 2 connecting lots.

Underwriting is as much an art as an ability to adapt rules, regulations and applicable law.Loan originators are problem solvers, they need to be able to originate loans within the guidelines and address the bumps that may throw up road blocks and coordinate the entire process.

But before I start I would like to mention, like Bill said, the idea of buying an individual non-performing note directly from the bank is an unlikely scenario, unless you have a lot of capital to buy in bulk.

Our house needs updating but is certainly livable and there's similar sized new construction (w/o parking) going up on our block and all around for $110k more.

of the details through BP's marketplace, or individually emailing colleagues, or ....?

These guys can purchase large blocks of homes in specific zip codes, but REI's are going to heal the bulk of the problem a few homes at time.

This information is readily available for you as a plan participant, it could be posted on your online account but if not call your provider.Loans if allowed are the best way to go, it's tax free $$ (unless you default) where as a Hardship withdrawal has tax consequences depending on your individual tax situation.

Your move and set (assuming it's a move and set as that's the "going" rate at $3000) is literally that: tear it down, move it, set it back up on blocks (you pay for blocks if they don't transport or there's not enough), tie it down (you pay for anchors) and level it out.