Notes and the Current Market

The current situation has created a unique experience for everybody – both personally and those in business.

The non-performing notes are in a standstill with courts closed and foreclosures at a standstill. Sheriff’s sales and evictions are postponed for 30 to 60 days, and in some states, you’re not allowed to reach out to borrowers at the moment.

Many investors are going to make the mistake of looking at the short-term. The solution is to be smart and pivot to the long-term.

In order for second mortgages to get paid, homeowners need to be able to pay their first mortgage.

It’s important to get educated, to talk to the right people, and to be patient and understanding.

nngcapitalfund.com

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