Phone: 1 307-213-9095
Contact us
to learn more!
Ready to learn about real estate notes and investing the smarter way?

Buying Non-Performing Notes

There are billions of dollars of outstanding debt from real estate notes, also known as mortgage notes, on the open market. You can often buy these distressed notes at a discounted rate and receive a higher return on your investment, but first, you need to know where to buy non-performing notes. Buying non-performing notes can be done through a bank, credit union, or even private note holders, and doing so can be incredibly advantageous.

At Red Enterprises, we focus a lot of our attention toward buying non-performing notes and other real estate notes. If you are looking to sell your real estate note, you can get a free quote from our website. Otherwise, let us fill you in on where to buy non-performing notes and the advantages buying them can bring.

Where to Buy Non-Performing Notes

There are a number of sources to buy non-performing notes from. Obviously, banks and credit unions are a good place to start as they prefer to sell real estate notes rather than force a foreclosure. This is because banks and credit unions are not in the business of buying and selling real estate and would prefer to sell a non-performing note rather than own the property.

But banks and credit unions are not the only sources of non-performing notes. Private note holders are another common way to go about buying non-performing notes. Private note holders are individuals who own a real estate note rather than a bank. Once you buy a real estate note, you will become a private note holder and will be able to make transactions with potential note buyers like this as well.

Advantages of Buying Non-Performing Notes

While non-performing notes seem like a high-risk investment, they are incredibly popular right now because of the potential for a higher return on the investment. This increased potential for a higher return is one of the best advantages of buying non-performing notes.

Another advantage of buying non-performing notes is the decreased chance of foreclosure. Banks and credit unions, as mentioned before, do not like owning real estate property and by selling non-performing notes, the bank does not need to foreclose the property. However, the note buyer has the option of foreclosing on the non-performing note as a way to buy the property themselves at a reasonable price.

In short, there are a number of advantages that comes with buying a non-performing note and this lucrative industry is waiting for you!

Sell Your Real Estate Notes with Red Enterprise

Here at Red Enterprise, we specialize in buying non-performing notes and other real estate notes. If you have any questions about selling your real estate note, you can contact us online or give us a call at 307.213.9095 to get in touch with us today!