How To Buy A Mortgage Note From The Bank 90%

Buying a mortgage note means you are buying the , not the property . You become the lender, collecting monthly payments and holding the right to foreclose if the borrower stops paying.

The contract governing the trade.

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions: how to buy a mortgage note from the bank

This document is recorded at the county level to prove you are the new legal owner. Buying a mortgage note means you are buying

💡 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? Large banks (Chase, BofA) rarely deal with individuals

Review the original Note and Deed of Trust. Ensure the "chain of assignment" is unbroken.