BETA TESTERS: Notes For Sale

What criteria are you looking for when purchasing a note?

I am not a note buyer so I would know where the first place to look.

All I would know is payment, balance, term, mortgage started when, how long the seasoning is, how many past dues. And that is it. Any other suggestions??

Comments(3)

  • mcl819019th November, 2003

    Probably be easiest to classify first by Performing on Non-Performing
    Type: Commercial, Residential, or other
    Term: 30yr, 15yr, 2yr balloon, etc
    Position: 1st, 2nd, 3rd
    Then get into the rest of the info
    of payment, seasoning, etc

  • joel19th November, 2003

    Performing and Non Performing is whether they are paying on the note, correct??

  • joel19th November, 2003

    Does it matter what state the notes are being held in?? Or not??

    Briefly describe how you as a user would search for the note of your dreams.

    (Example:
    1. I would like to select performing/nonperforming first
    2. I would choose ___
    3 I would choose ___

Add Comment

Login To Comment