NOTE POOLS  /  NOTE  PORTFOLIOS  

We Buy Mortgage Note Pools / Mortgage Note Portfolios / REO’s

In today’s quite volatile money markets, numerous banks, mortgage companies and other institutions are very actively trading (buying or selling) large portfolios of performing and non-performing mortgage notes, as well as REO (real estate owned) properties.

As a National Mortgage Consultant, we have access to both Buyers and Sellers !

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At American Funding Resources, we prefer the “old fashioned” way of handling 
and negotiating these large transactions, as described below:

Seller side of the transaction:

The Seller provides a complete and up-to-date list, in Excel spreadsheet format, of the notes or properties offered for sale; and indicates their realistic “Target Price” for the portfolio, and the bid due date. All identifying information (Seller name, payor names, etc.) should first be removed from the spreadsheet, thus eliminating the need for upfront Non-Circumvention / Non-Disclosure Agreements.

The Buyer then reviews the portfolio and makes their offer. This offer may initially be done or negotiated verbally. After the parties have verbally agreed on a price, the transaction is formalized, with NCND and/or Fee Agreements put in place. The Buyer then provides with a Bid Letter for acceptance by the Seller.

Buyer side of the transaction:

The Buyer provides a very detailed “soft” Letter of Intent (LOI) listing the type of product they’re interested in buying, the dollar amount that they wish to purchase, and their realistic “Target Price” or price range they are willing to pay. Note: A “soft” LOI does not disclose the name of the Buyer. See sample LOI.

 Some Guidelines in dealing with us, and the way we operate:

Our role, of course, is to match the needs of the two principal parties. Through experience, we’ve learned that the fewer (other) parties directly involved in the negotiations, the better the chance of the planned transaction actually taking place. 

We are not interested in:

If you are (or are in contact with) a direct Buyer or Seller interested in a mortgage note pool 
or REO transaction (minimum size $ 1 million), we’d like to talk with you !

                        As a first step, give us a call: