How | To Buy A Mortgage Note From The Bank

Look for those with high "non-performing loan" ratios. 2. Connect with the "Gatekeeper"

Run a title search to ensure there are no superior liens (like unpaid taxes or IRS liens) that could wipe you out. 4. Make an Offer how to buy a mortgage note from the bank

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions: Look for those with high "non-performing loan" ratios

💡 Start by searching for Note Brokers or online marketplaces like Paperstac or NotesDirect . It is much easier for beginners to buy through a platform than cold-calling banks. If you'd like, I can help you: Draft a script for calling bank asset managers. Explain the difference between first and second liens . List the specific risks of buying non-performing debt. Do you have a specific budget or geographic area in mind? It is much easier for beginners to buy