Defaulted Bank Note Or Short Sale.
Has anyone tried to buy a defaulted bank note. I understand the difference is that buying the bank note at a discount will give the note buyer a chance to take over the note and foreclose on the home owner. Has anyone done this type of deal? And do you usually get better deals than short sales?
Thanks
Bargain, were you offered the 2nds or did you contact the note holders and make the offers?