Results 1 to 1 of 1
LinkBack URL
About LinkBacks-
02-21-2009, 07:49 PM #1
Renter
- Join Date
- Feb 2009
- Location
- Marietta, GA
- Posts
- 5
Commercial Non Performing Notes - NPN
No NCND or POF needed for these - this is a direct source!
I have been given a ton of product descriptions I can share however we would ultimately need to Conference with the Clearing Company that has the notes. Here is how he operates:
1) The principal you and I (unless you are the principal) will conference with the owner of the Clearing Company.
2) The owner of the Clearing Company will have a brief chat with the buyer to get a feel for what he wants – confirm if it is readily available.
3) He will confirm the fee structure and make sure all are in agreement.
4) He will issue a confidentiality and fee agreement for the buyer to sign – the confidentiality agreement is mandatory in order to release the file per the federal privacy laws – the borrower’s private information is contained in the file.
5) The Buyer’s ability to purchase will be shown only to the Clearing Company
6) The notes are sold separately
7) The Buyer will receive the full package details for each note which includes the rate, terms, recent appraisal if available – the entire file.
8) The Buyer will have exclusive review period for due diligence on each package
7) The Buyer will receive the full package details for each note
8) The buyer will have exclusive review
Please email me first if you are interested. The call volume has been overwhelming..
Warm Regards,
George Wagner
Bulk REO and Commercial NPN SupplierLast edited by Chief Tutor; 02-22-2009 at 11:31 AM. Reason: No Phone Numbers
Reply With Quote
Bookmarks