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.
education · performing notes
How to evaluate a performing mortgage note
“Performing” is a claim about the future built on evidence about the past. The checks that test it, the risks private notes actually carry, and the one that catches each, with links to the deeper guides.
· NoteGage
education · diligence
How to read a seller's payment ledger
The ledger attached to a listing is the closest thing to ground truth about whether a note is really paying, but only for the period it covers. Three rules keep a stale or partial ledger from fooling you.
· NoteGage
education
ITV vs. LTV: the two ratios note buyers confuse
Loan-to-value measures the borrower's loan against the property. Investment-to-value measures YOUR money against the property. They answer different questions, and the second one is the one that protects you.
· NoteGage