To Buy A Mortgage Note From The Bank - How

Look for those with high "non-performing loan" ratios. 2. Connect with the "Gatekeeper"

Run a title search to ensure there are no superior liens (like unpaid taxes or IRS liens) that could wipe you out. 4. Make an Offer

Often hold their own "paper" rather than selling to the secondary market. how to buy a mortgage note from the bank

More likely to negotiate on single notes.

This document is recorded at the county level to prove you are the new legal owner. Look for those with high "non-performing loan" ratios

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions:

Notes are bought at a discount to the "Unpaid Principal Balance" (UPB). how to buy a mortgage note from the bank

The contract governing the trade.