Your note may have been made before the current restriction, if they are correct, it doesn't mean you can't buy it IMO, just release the lien and it's unsecured debt but timing matters.You do know a note purchase is not a real estate transaction and you don't need to close at a title company, but there is insurance matters.Your note was funded by equity in the sale by the holder, he didn't lend cash.

Shorting the first would be easier because the second lien holder (you!)

@Todd DexheimerThere’s a second lien holder involved (I borrowed the down payment).

As for who would give a pay off statement or receive the pay off payment if you sold, it would be your current servicer, Not the actual holder of your note.....this is what a serviced does.

@J ScottI’m all for taking self responsibility.The reason I wasn’t there was because my visa to enter the US was denied and that’s caused a myriad of problems.

You have no idea what the final price will be, especially if there are 2nd or subsequent lien holder(s). 

The companyhas several options where you learn how to do it or find them and pass the leads on to them and they do 'the hard work of collecting on them and buying them from the credit holders.

If the person you lend to buys real property you will be a mortgage holder, you could then put a lien on the house if they cannot pay you for some reason.

Now matter what, set your plan with (on this date, when values going down 18.785%, when I have $x,...) and then stick to the plan.Economics: A recession is a good time to buy discounted properties, but it's also a good time to be a Holder.

there isn't a cap on how many units of your property can be rented to Section 8 voucher holders.