W. J. Mencarow

The Dirty Little Secret Of Non-Performing Notes

by Don Konipol, MBA For investors considering investing in non-performing notes (NPNs), a.k.a. non-performing loans (NPLs), that are residential and owner-occupied, here is how a typical situation plays out. A bank, bank holding company or asset management and disposition company puts together a package of, say, 1,000 NPNs and asks for bids. The qualified bidders are the major hedge funds, private investment partnerships and private equity …

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Essential Estoppels

by Lorelei Stevens, President, Wall Street Brokers  www.wallstreetbrokers.com To “estop” means simply to stop, or to prevent. In the case of notes, an estoppel is a signed statement by the payor certifying for the benefit of the note buyer that the payor’s statement of facts is correct as of the date of the statement, regarding …

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Intoxicating Assets: How to Be the Bank, Invest in Real Estate without Tenants, and Why Seconds Come First

by Sandor Lau Imagine an investment in a single-family home where you put down only a fraction of the property’s value. The home has been occupied without vacancy for the last 10 years. The occupants are internally motivated to mow the lawn, fix the roof, and unclog the sink on their own dime. You can …

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Don’t forget the free Paper Source teleseminar TOMORROW, THURSDAY Feb. 18. with Martin Granoff. We’ll talk about how to buy or broker “under the radar,” non-real estate cash flows such as notes on businesses, contest and casino winnings, lawsuit settlements, disability income payments and other types of outside the box future cash flows. We’ll take …

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Mark Your Calendar For The Note Teleseminar This Thursday

Mark your calendar and join Martin Granoff and me for a free Paper Source teleseminar this Thursday, Feb. 18. We’ll talk about how to buy or broker “under the radar,” non-real estate cash flows such as notes on businesses, contest and casino winnings, lawsuit settlements, disability income payments and other types of outside the box …

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Join Us At A Foreclosure Auction Before The Note Symposium!

Kurt DeMeire will walk you through a live foreclosure auction in Las Vegas on Thursday morning, April 28, before the start of The Paper Source Note Symposium.  He is the founder of County Records Research, which for 34 years has been a vehicle for investors to identify and purchase non-performing notes and foreclosure properties far …

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Depositing Cash Can Make You A Criminal

If you make several cash deposits of less than $10,000 you are presumed guilty and your assets can be seized. Lyndon McClellan owns and operates L & M Convenience Mart in Fairmont, NC. One day last July more than a dozen federal, state and local law enforcement agents swarmed his business, showing him paperwork indicating that he had made two cash deposits totaling $11,400 within …

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Depositing Cash Can Make You A Criminal

If you make several cash deposits of less than $10,000 you can be presumed guilty of money laundering or drug trafficking and your assets can be seized — without a trial. Lyndon McClellan owns and operates L & M Convenience Mart in Fairmont, NC. One day last July more than a dozen federal, state and local law enforcement agents swarmed his business, …

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Urban Institute: Private Investors In NPNs Help Borrowers More Than Govt.

A new report from the Urban Institute says that selling non-performing notes to private investors is a good thing — that they “can do more for borrowers” than the government by helping borrowers avoid foreclosure. Many if not most investors buy NPNs to restructure the note for high yields, not to foreclose.  The Paper Source Note Symposium will …

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