Blog

Notes on note buying.

Case studies from real (sanitized) deals and working education for mortgage-note buyers — how claims get checked, where they break, and how to price from evidence.

case study · valuation

Price from the record, not the claim

A real listing said the collateral was worth $189,000. Three independent sources agreed on a $154,440–$163,534 range, and the deal was priced from its conservative end. Here's what that one gap did to every other number in the deal — and why the claim stays on the page, marked not independently corroborated.

September 10, 2026 · NoteGage

Reference

Mortgage-note investing glossary

Plain-English definitions — UPB, LTV, ITV, lien position, seasoning, chain of title, and more.

How NoteGage checks a listing

The verification discipline behind every report: sources, corroboration, and honest refusals.