Buying Discounted — Notes

You buy a note with a $100,000 balance for $70,000.

When a lender (like a bank or private seller) wants to free up cash, they may sell their mortgage notes at a discount. buying discounted notes

AI responses may include mistakes. For financial advice, consult a professional. Learn more Should You Only Buy First Position Notes? - BiggerPockets You buy a note with a $100,000 balance for $70,000

Borrowers have stopped paying. These are bought at much steeper discounts, often with the goal of restructuring the loan or foreclosing to take the property. 000 balance for $70