HOW TO TURN NON-PERFORMING LOANS INTO CASH-FLOW, LUMP-SUMs and Discounted Property Acquisitions
This Foundation Series Training provides an overview of the various exit strategies and the steps to take to achieve them. Follow this playbook to monetize non-performing loans, cure borrower defaults with loan modifications or other creative resolution strategies
Below you will find 3 lessons that outline the onboarding process, streamlined resolution strategies and details on every possible borrower resolution in the note investor’s tool box
High-Level Servicing Strategy
An effective strategy for collecting non-performing loans will maximize your efficiency and impact. Learn the high-level approach here.
A discounted payoff is reserved for borrower's in negative equity situations
Loan Modifications are an investor's bread & butter resolution
Sell the Note
Notes are fairly liquid and can be sold performing or non-performing
Short sales are discounted payoffs with a property buyer involved.
If they can't afford the home, offer a deed-in-lieu instead of foreclosure.
The last resort, sometimes foreclosure is necessary.
Proactive Portfolio Monitoring
On a regularly basis, you'll need to be checking the vital signs of your portfolio, make sure you learn how to audit your assets.