When a lender (like a bank or private seller) wants to free up cash, they may sell their mortgage notes at a discount.
First position notes are paid first in a foreclosure, while "second" or junior notes are riskier but often cheaper. Key Benefits buying discounted notes
Borrowers are making regular payments. These offer lower risk and steady, immediate cash flow. When a lender (like a bank or private
You must verify the property's value, the title's clarity, and the borrower's payment history before buying. the title's clarity