WHO SAYS BAD CAN’T BE GOOD WHEN NOTE BUYING? NNG Targets Non-Performing Residential Mortgage Notes for Cash Flow.

       As most of us know, growth comes with responsibility. Unlike Barbie and Ken, dolls

most children used to play with in their younger years, our dream houses come with a cost

and they can vary in expense. Money management can be tricky when balancing a 1st and 2nd

mortgage. Does it have to be? Believe it or not it, no. The National Note Group (NNG) believes

the right strategies can transform non-performing mortgage notes into secured cash flow for

companies and performing note buyers as well as help homeowners achieve financial resolution

and avoid foreclosure.

       What do we do? In NNG our company acquires, manages, and liquidates defaulted

residential mortgages. Different from most banks, we do not lend money nor originate

mortgages. NNG buys 1st and 2nd lien mortgages, secured by real property, at discounted

purchase price and sells to either note buyers or keeps notes in company portfolio. As a

note buyer there is a responsibility to manage mortgage notes and collect mortgage from

homeowners. Homeowners do not always pay, however, and that can result in nonperforming

mortgages notes. Nonperforming mortgage notes develop from owner’s failure to make

payments for 90 days or more on their mortgage loans. It might be referred as “bad paper” yet

in this real estate market it is fairly common and very inexpensive. We take nonperforming

mortgage notes! Some say risky, but it’s not about the house to us. NNG’s 95% of deal execution

is focused on borrowers.

       Our business model is to purchase bank’s bad asset, contact the homeowner and conduct

research on their financial history and what led to these hardships, understand the homeowner’s

vision and what can be paid, finally, modify the payment plan so they can access their payments.

Because NNG is able to acquire mortgage notes at a discount, we are able to negotiate beneficial

terms with the homeowners, allowing them to stay in their homes. So I’ll ask you again, still

think non-performing mortgages aren’t worth investing in? Still think maintaining your house

isn’t possible?

For more information, visit NNG at https://www.facebook.com/pages/National-Note-Group/529259247086369 or http://www.nationalnotegroup.com/.