Are there Private Mortgage Buyers Who Buy Non Performing Mortgage Notes or Under performing Mortgage Notes?
Absolutely. There are private mortgage buyers who actually do nothing else but buy non performing mortgage notes as well as buy under performing mortgage notes. These mortgage buyers are typically not easy to find. Many non performing note buyers don’t even advertise. They get their entire business from brokers and other note buyers who run across notes that pass on a note that doesn’t fit their in house portfolio.