Key Takeaways
- Distressed assets exist on a continuum from notes to REO—enter at any point.
- Non-performing notes purchased at 40-70% offer three resolution paths.
- Modification is often the most cost-effective resolution when borrower engagement exists.
- Integrated note-to-REO strategy captures value at multiple points.
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Test Your Knowledge
1.What is the typical purchase price range for non-performing notes as a percentage of unpaid balance?
2.What is typically the most cost-effective resolution for non-performing notes?
3.What advantage does note buying provide over direct property acquisition at auction?