The Dirty Little Secret Of Non-Performing Notes
Published: Mon, 05/23/16
The Dirty Little Secret Of Non-Performing Notes - 2016-05-23 12:55:31-04
by Don Konipol, MBA For investors considering investing in non-performing notes (NPNs), a.k.a. non-performing loans (NPLs), that are residential and owner-occupied, here is how a typical situation plays out. A bank, bank holding company or asset management and disposition company puts together a package of, say, 1,000 NPNs and asks for bids. The qualified bidders are the major hedge funds, private investment partnerships and […]