Notes don’t have problems. As I used to tell the Real Estate Agents when I owned and operated a Real Estate Company, “Real Estate doesn’t have problems” it just sits there as an inanimate object. It’s the people, the owners who have the problem(s). When you “contact” the people with the problem, and you can solve it with the service or solution, you will be a “winner”. The same goes for Notes. Notes don’t have problems; it’s the owners who have the problems. They made the choice to take back a note and now need cash for any number of reasons: Medical, credit cards, overspending at Christmas, house repairs, car repair or replacement, a new toy or serious stuff like bailing a kid out of jail. Who knows, but they have problems!
The point here is, you have to “contact” them. Your ship won’t come in unless you sent it out, it’s just as simple as that. So, where do you find them to contact them? That’s the sixty four thousand dollar question. Almost all note consultants are falling over themselves looking in the same place and typically at great expense.
Here at the Note Servicing Center, we are continually looking for notes to service and have found the most effective way to mine for notes is to develop a strategy whereby you multiply yourself though others. You do this by developing relationships with Synergy Partners. If you have been in the note business for any length of time, or even for a few months as a new note broker or consultant, you probably have discovered that searching for that one illusive “note” can be not only time consuming, but can also require a ton of money for collateral materials like brochures, flyers, postcards, stationery, business cards, printing and ads, to say nothing of telephone bills and endless postage.
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The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind. Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances. Some articles on this site include hypothetical stories, examples, and scenarios created to illustrate concepts and demonstrate the types of situations Note Servicing Center, Inc. handles. Any names, companies, properties, and circumstances in these examples are fictitious or have been anonymized to protect confidentiality, and any resemblance to actual persons or entities is coincidental. These examples do not describe specific clients and do not guarantee any particular outcome. Some content may be created with the assistance of generative AI tools and may contain errors or omissions. While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.