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Breaking Down Two Illinois Sub Performing Notes
Manage episode 434381264 series 3039481
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What is a sub-performing note? How do you determine the value and return on these types of deals? Scott Carson breaks down two sub-performing notes from the Land of Lincoln (Thank God they aren't in Chicago). He shares how he found them, the numbers, and the tale of the tape. Scott also discusses the potential returns on the different exit strategies from getting the borrowers back on track, evicting them, modifying the loans for cashflow, or selling off the assets.
In this episode you will learn:
- What a sub-performing note is and how it differs from a performing or nonperforming note.
- The difference between a contract for deed and a traditional mortgage note.
- Why it is so important that you set your borrowers up for success when originating loans.
- What is going on with the CFPB concerning CFD investors?
- The different exit strategies and estimated returns of each strategy.
- How to calculate the ROI when modifying a note's interest rate and term.
Watch the original video HERE!
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