How To Buy A Mortgage Note From The Bank May 2026

Can sell for 30%–60% of the property value, depending on the equity. 5. Close the Deal

Large banks (Chase, BofA) rarely deal with individuals. Target smaller institutions: how to buy a mortgage note from the bank

Banks sell these notes to clean up their balance sheets or offload "non-performing" (delinquent) loans. 1. Find the Right Sellers Can sell for 30%–60% of the property value,

The contract governing the trade.

💡 Start by searching for Note Brokers or online marketplaces like Paperstac or NotesDirect . It is much easier for beginners to buy through a platform than cold-calling banks. If you'd like, I can help you: Draft a script for calling bank asset managers. Explain the difference between first and second liens . List the specific risks of buying non-performing debt. Do you have a specific budget or geographic area in mind? Target smaller institutions: Banks sell these notes to