OfflineWhat is the difference between "Performing" and "Non-Performing" Mortgage Notes?
Which is the best opportunity to invest?
Thank you all for any help! Have a great day!
__________________
Gregory B Palmer
Buying and/or Selling Mortgage Notes
Posted on: Thu, 09/30/2010 - 20:21
Buying and/or Selling Mortgage Notes
-
- by gbpinvestments
- Login to post comments
a non-performing notes is a mortgage that is close to or in default
performing notes are in good standing
A performing note is one where on time payments are being received. Payments are current which make people more interested in buying this type. They are typically not discounted as much as others because it's not a fight to get the money from the person living in the property.
A non-performing note is one where payments are delinquent or non-existent. These are more risky deals before there is no guarantee that the note will actually pay out. These are generally sold at a larger discount because of the risk involved.
Wish you well!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125