How To Buy A Mortgage Note From The Bank ❲EXTENDED ✰❳

Usually sell for 80%–95% of the balance.

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions: how to buy a mortgage note from the bank

Get a Broker Price Opinion (BPO) or drive by to check the condition. Usually sell for 80%–95% of the balance

💡 Start by searching for Note Brokers or online marketplaces like Paperstac or NotesDirect . It is much easier for beginners to buy through a platform than cold-calling banks. If you'd like, I can help you: Draft a script for calling bank asset managers. Explain the difference between first and second liens . List the specific risks of buying non-performing debt. Do you have a specific budget or geographic area in mind? how to buy a mortgage note from the bank