Investing in Real estate
through
non-performing notes
WHY INVEST IN
MORTGAGE NOTES
Why does Token Mortgage Group invest in mortgage notes? Specifically, why non-performing mortgage notes?
Throughout time, real estate has been proven as a way to build wealth. We were looking for a way to invest in real estate without having to deal with tenants, toilets, and vacancy. This search led us to non-performing mortgage notes.
When a mortgage is no longer being paid, that mortgage becomes non-performing. Banks do not want non-performing notes on their books and are willing to sell these notes at a steep discount.
Sometimes banks sell as low as 30 - 50 cents on the dollar!
To purchase these non-performing notes at a discount, we have established contacts through community banks and hedge funds.
Then we engage our trusted vendors to help us to reach out to the homeowner to encourage them to pay the original mortgage amount or a modified amount.
If, for some reason, we are unable to get the homeowner to begin making payments, we then start the process of taking the home through foreclosure.
Once this is complete, we can either choose to sell the property or to keep the property in our portfolio as a rental.
INVEST IN REAL ESTATE LIKE A BANK
Stages of Note Investing
Sourcing
(find a non-performing note)
Due Diligence
(confirm the investment is a good one)
FUNDING
(from JV partner or cash)
Purchase Note
(assignment of mortgage)
Servicing
(board the loan)
reach out
(servicer will contact borrower and
attempt to reach agreement)
Modification
(borrower agrees to pay a
modified amount)
Modification
(borrower agrees to pay a
modified amount)
DEED IN LiEu
(Borrow no long wants the house
and deeds it to us)
SHort sale
(borrower sell the property and we agree to take less than the full payoff)
DEED IN LiEu
(borrower no longer wants the house
and deeds it to us)
SHort sale
(borrower sells the property and we agree
to take less than the full payoff)
Foreclosure
(worst case scenario - we take the house back through the courts)
Sell the house
(after foreclosure we sell the
property for profit)
Keep as rental
(after foreclosure keep as rental for long-term income and appreciation)
CONTACT US
For more information please call or email us:
our address
203 Point East Drive
Nashville, TN 37216
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