Archives for July 2013

De Stress of Distressed Properties and Defaulted Notes

My company has bought and resold hundreds of bank-distressed (REO) properties over the last several years. We have purchased even more non-performing or defaulted notes. Although many times it’s possible to modify the terms and keep the borrowers in the home (when buying the loan), many times we have to take back the property through a Deed-In-Lieu or outright foreclosure. Once we gain title to the property (either purchased as REO or taken back through foreclosure), it is astonishing how, … [Read more...]

Referral Based Marketing For Real Estate Notes

Referral-based marketing is a reliable source of real estate note leads that comes with three distinct benefits: 1. Low cost 2. Little to no competition, and 3. Repeat business In referral marketing it is all about building relationships. A professional referral source must first be comfortable with you before they will recommend your services to a client. Why? They know that how you perform will reflect back on them. In order to be effective it must be done in person. It doesn’t work … [Read more...]

First Rule of Note Buying: It Is Never Too Late

The year is flying by, isn’t it? All those priority lists, New Year’s Day resolutions, To-Do Lists, and Post-It note quotes stuck around the house have all but been worn down by the everyday life. So, how are you doing on your goals? Are you on track or did “life” get in the way? The good news is that you can re-boot your business any time you want! This is only the midpoint of the year (Happy July 4th by the way) – and there is still time to pull it off! So, how do you get back on … [Read more...]