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?

Comments(2)

  • charlotteinvestor24th June, 2007

    Thanks

  • linlin28th June, 2007

    Bargain, were you offered the 2nds or did you contact the note holders and make the offers?

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