Due Diligence & Evaluating Notes
How investors judge a note: the payor, the property, the paperwork and the numbers.
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01
27 Note Investors Reveal How They Judge a Note
More than two dozen veteran note buyers explain what makes a note safe: equity, credit, seasoning, paperwork and their own risk tolerance.
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02
Can You Order a Credit Report on a Note Payor Without Consent?
What the Fair Credit Reporting Act says about pulling a payor's credit report when you plan to buy their note.
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03
How Do You Verify the Down Payment?
A real case shows why a notarized statement isn't proof of a cash down payment, and the warning signs of a fake sale.
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04
Imperative Insurance: Protecting the Property Behind Your Note
How to find the payor's insurance carrier, check the policy, get named as mortgagee and keep coverage in force after closing.
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05
Interest: Simple or Compounded?
Why no-payment notes cause disputes over simple vs. compounded interest, and the one question to ask before you buy.
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06
Locating Lost Notes
Where to look when the original promissory note is missing, from the owner's home to closers, lenders and court files.
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07
Making Public Records Private: The Memo of Assignment
Why recording a full note assignment shows competitors your deal terms, and how a short memo of assignment keeps them private.
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08
Non-Performing Notes with Jack Krupey
A four-part video course on non-performing notes with Jack Krupey, plus two related videos.
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09
Note Investing from Afar
Why the property's location matters less when you buy a note than when you buy a rental, and the one rule to follow.
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10
The 60-Second Screen
Seven questions, asked in order, that tell you within a minute whether a caller has a real estate note you can actually sell.
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11
The Dirty Little Secret of Non-Performing Notes
How bank packages of non-performing notes get picked over by three rounds of professional buyers before individuals see them.
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12
The Most Important Number in the Transaction
Why the balance owing is the number you must get right, and how to verify it with the servicer and the payor.
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13
What Does A, B, C Credit Mean?
What the A, B, C, D and N credit grades mean when a note buyer rates a payor, and why credit is only one of three C's.
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14
What Makes a Marketable Mortgage Note?
The collateral, equity, payment terms, lien position and payor factors that make a mortgage note easy to sell.
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15
When Is a Note Not a Note? When It’s a Loan
How to tell buying a seller-financed note from making a loan, and why the difference matters for risk and lending law.
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