They don't send their notes to other banks.

I don't think you could do this because, as you note, you don't have title.

To date I have earned more than that $15k in interest and the buyer expects to pay off the $65k note in a few months.

What stops a lender from making a loan for the full amount of the restriction and than advancing another $5,000 or $10,000 under the same note and deed of trust.

I am interested in buying a defaulted note from Bank of America in lieu of a short sale, but loss mitigation doesn't know that that is possible.

Have you tried to purchase the Notes on these properties?

It's interesting to note that almost all the people on this forum ( that is us folks who depend on ourselves for income and not the government) seem to lean Republican or Libertarian...Coincidence?

I was simply noting that many investors are more than willing to pay a small markup in price for the convenience of a wholesalers services because they already have a full-time job and there just is not enough hours in a day or week to spend looking at properties when they have family obligations as well.

Could it be noted that I was "prepping" for the purchase.

I really wonder if banks are going to hold off on foreclosing, and then just sell the bad note to the government.