Got this feedback and thought I would share.. Any feedback from experience please share. For Michigan, the SOL on a note is six years from the date of maturity, or if the note has been accelerated, six years from the date of acceleration. If you are acquiring notes that are in default, it is important to know whether any prior holder accelerated the loan. In addition to the six-year period, there is an additional provision that the note cannot be enforced if no principal or interest payment has been made for a continuous period of ten years. If your note is secured by a mortgage, you can still enforce that lien for up to 15 years from the date of maturity or last payment, whichever is LATER. Note, however, that any payments more than 15 years past due cannot be collected.

One thing I've learned in property investing... The hardest part isn't finding opportunities. It's knowing which opportunities to ignore. Early on, I thought more deals = more money. Now I spend more time saying NO than YES. Some of my biggest wins came from avoiding: - the "too good to be true" deal - the partnership that didn't feel right - the property that looked profitable on paper but was a nightmare in reality Ironically, saying no has probably made me more money than saying yes. Eager to know.... What's one deal you walked away from that turned out to be the right decision?

Question: Where do you draw your owner info from. I put in a very specific address and the owner that comes up in your system is NOT the owner of that address. I am :) So, I need to know how the info is obtained so I can correct it if it's the source .

Interesting watching Graham Stephan on YT openly talk about selling parts of his real estate portfolio and shifting more toward notes, liquidity, and cash flow. A lot of people think real estate investing is only about owning doors forever… but experienced investors understand something deeper: 👉 Equity without liquidity can become a trap. 👉 Cash flow without flexibility can become stress. 👉 And leverage works great… until the market changes. This is why more investors are starting to appreciate the power of notes. When you own the NOTE instead of the property: ✔ No tenants ✔ No toilets ✔ No renovations ✔ No management headaches ✔ Yet you can still create predictable monthly income The interesting thing is… many sophisticated investors eventually move UP the capital stack. They go from: 🏠 Owning real estate ➡️ to controlling paper ➡️ to controlling cash flow In uncertain markets, liquidity matters. Cash flow matters. Control matters. That doesn’t mean real estate is dead. Far from it. But it does show that even large creators and investors are recognizing the value of: • Reducing operational risk • Increasing flexibility • Holding income-producing paper • Preserving capital while staying invested The wealthy don’t always ask: “How many properties do I own?” Sometimes the better question is: “How many income streams pay me every month without me managing the asset?” That’s where note investing becomes very interesting. #NoteInvesting #RealEstateInvesting #CashFlow #PassiveIncome #MortgageNotes #TheNoteDoctor #RealEstate #FinancialFreedom #Investing

Hello everybody! I am reviewing Pennsylvania foreclosure law after my attorney asked me to provide the total amount I have spent on foreclosure-related work, and I would value practical input from those with real execution experience. My attorney confirmed that she follows the Fannie Mae allowable fee framework (she shared the schedule with me) and that, in practice, firms bill fees and costs after they are incurred. That framework appears operationally standard, but I am trying to reconcile it with Pennsylvania statutory limitations on recoverability. Under Pennsylvania law: - Act 6, Section 406 limits recovery to reasonable and actually incurred attorney’s fees after commencement of foreclosure or other legal action, and explicitly restricts fees incurred prior to or during the 30-day Act 6 notice period. https://www.legis.state.pa.us/WU01/LI/LI/US/HTM/1974/0/0006..HTM - 68 Pa.C.S. § 2311 similarly distinguishes between pre-commencement and post-commencement legal fees and limits what can be charged/collected prior to filing. https://www.legis.state.pa.us/WU01/LI/LI/CT/HTM/68/00.023.011.000..HTM My factual situation: I have already incurred and paid the following foreclosure-related expenses: Pre-complaint / pre-foreclosure stage: - Title search / title review (legal due diligence) - Demand letter + statutory mailing - Compliance / document preparation (FDCPA-type itemization work) Post-complaint / litigation stage: - Filing fee (complaint) - Attorney fee tied to complaint / initiation of foreclosure action Additionally, I have separate legal fees paid to foreclosure counsel after the case progressed further. At my attorney’s request, I initially provided the full aggregated amount of all foreclosure-related payments as part of the payoff / damages discussion. The issue I am now reassessing: Educational materials in the NPN space often state that “all reasonable foreclosure-related expenses” can be recovered from the borrower or sale proceeds.