Sold our laundromat yesterday - a weight has been lifted off my shoulders! It was a fun business when I didn’t live an hour away, but it became a hassle after moving and having kids. We found a great operator who took over the business (and signed a long term lease for the space with me, I’m still the building owner) and I’ve never been more optimistic! Focused 100% on FIXnotes - let’s go!!

Im guessing if there is a 2% interest rate on a seller fin. note, the buyer must be high risk, either w bad credit or some other reason. even if the note has really good seasoning, decent equity, and a high monthly payment, is that a stay away for someone looking for good c.flow like myself? I think i meant 2% yield. oops not interest rate.

I’m having a hard time fully accepting the idea that we can successfully foreclose (if it comes to that), on a note that was charged off and practically ignored 15 or even 20 years. Can you all reassure me that the judge isn’t going to laugh us out of court??

Last week I closed a matchmaker deal that earned me $21,700 - here’s how I did it: First, I built a relationship with the seller. I do more than just connect them with buyers. I try to add value wherever I can: - analyze their non-performing note acquisitions - monitor their performing loans - create charts & forecasts on their portfolio - manage their loan servicers & other vendors - other stuff to help them make money They also know that I’m part of the Mortgage Note Mastermind so they know that I have trusted buyers to sell their loans to - so they hired me to manage their trade desk (I’m their exclusive loan sale partner). So when they had a portfolio for me to help them sell last month I put out the trade to our community of note buyers. I got bids from 22 investors and after showing my seller all the results they agreed to award the 16 buyers with top offers. I assisted with the due diligence process: answering questions, locating missing docs, organizing all the files, etc. I prepared and sent the Loan Sale Agreements to all parties and used e-signature to make it easy for everyone to execute the contracts. Once the deals are done, I also prepare the transfer docs (assignments & allonges) and facilitate the servicing transfer - I make it easy for everyone to follow instructions and get the deal done. Last week, the first deal funded for $310k. I’ll send my invoice to the seller for $21,700 (7%) at the end of the month (along with all of the closed deals I facilitate this month). These same simple steps have earned me millions of dollars over the years and will make me almost $100k in sales fees this month. And even better - this buyer is picking up over $600k of notes with tons of equity coverage (they’re going to make WAY more than the $21.7k I’m taking home). Let me know if you have any questions!

My question is for the states that actually have both judicial and non-judicial foreclosures. Are we typically going to get eyes in the documents in order to determine which one we are looking at before the bid process? And if that answer is a “no”, wouldn’t it be normal or expected that the bid would need to be lowered if the note is lacking a “power of sale clause”?