Posted by scott on February 05, 2009 at 17:43:05:
In Reply to: Re: Are these the biggest risks when buying a note? posted by Mel on February 03, 2009 at 12:42:08:
Title work and insurance mitigates the risk in the first item, but how do note buyers deal with the second item (situations that could errode the property value; often out of your ability to control or even awareness?)
Are defaults just a part of the game? In my state it can be a year from default to end of redemption period. Id' say that's one of my biggest fears: No payments made for months on end, followed by a getting a property back with lots of damage, with an as is value less at or below my discounted note.
- Re: Are these the biggest risks when buying a note? Mel 02:36:32 2/06/2009 (2)
- Re: Are these the biggest risks when buying a note? scott 01:05:53 2/07/2009 (1)
- Re: Are these the biggest risks when buying a note? Mel 18:47:48 2/07/2009 (0)