: Bought at deep discounts (30-60% of value) for foreclosure or workout. 📝 Step 5: The Closing Process
: Some states require a debt collection or mortgage servicing license. 🔍 Step 2: Source the Notes
: Verify the property value via BPO (Broker Price Opinion).
: Buying notes via a Self-Directed IRA allows tax-deferred growth.
: Notify the borrower to send payments to your servicer .
: A physical attachment to the original note endorsing it to you.