Free Webinar: Buying Defaulted Paper
Hard Money Bankers, LLC and HMB Cribs have teamed up with Mike Warren to give our readers inside look into an area of real estate investing that most people don't know about: defaulted bank paper.
Online, April 18, 2011 (Newswire.com) - Buying defaulted paper basically works like this:
Instead of buying the property, you can buy the defaulted note from the bank. With 5-6 million properties left to go, that means there's still plenty of opportunity for you to make money this way.
What is "defaulted paper?"
"Paper" is the term used in residential and commercial banking to describe promissory notes, along with the security instruments that secure the debt associated with those notes, including deeds of trust, mortgages, security deeds, etc.. "Default" simply means failure to perform a contractual obligation. So when an investor uses the term, "defaulted paper," he or she is simply referring to when a borrower has failed to pay a note or mortgage back when due. Right now, as a result of the real estate collapse, there's lots of defaulted paper.
Mike has developed some really good note buying systems, so at the end of our time together, we asked him to help us put on a webinar about note buying. He agreed to conduct a more in-depth training webinar called "Cashing In Defaulted Paper," where he will show you:
-How to buy notes at 20-40 cents on the dollar
-How to flip notes for big finder fees
-How to do it with no money out-of-pocket and no credit
If this topic interests you, make sure to sign up for this free, information-packed webinar. The links are below:
Thu, Apr 21, 2011 2:00 PM - 3:30 PM EDT https://www2.gotomeeting.com/register/250621563
Thu, Apr 21, 2011 8:00 PM - 9:30 PM EDT https://www2.gotomeeting.com/register/227323282