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Hello, I'm Rich Meyer, and welcome to my webpage where we will explore the defaulted mortgage note investment industry.

First, let's start with the basics. What is a defaulted mortgage note? A defaulted mortgage note is a loan that a borrower has stopped making payments on, which means that the borrower is in default of the mortgage agreement. In other words, the borrower has failed to fulfill their obligation to pay back the loan, and the lender has the right to foreclose on the property securing the loan.

Now, let's talk about the investment opportunities that come with defaulted mortgage notes. When a borrower defaults on a mortgage note, the lender can choose to foreclose on the property or sell the mortgage note to a third party investor. This is where you come in as an investor.

By investing in defaulted mortgage notes, you have the opportunity to purchase the note at a discounted price and potentially earn a high rate of return. The discounted price is usually based on the current value of the property, the amount of the loan, the length of time that the borrower has been in default, as well as a few other important specific units of measure.

As an investor in defaulted mortgage notes, you have several options. You can choose to work with a mortgage note broker who will help you find and purchase notes that fit your investment goals. You can also choose to purchase notes directly from lenders or financial institutions that specialize in distressed debt investments.

One advantage of investing in defaulted mortgage notes is that you have the opportunity to acquire a property at a significant discount. In some cases, the property may be in good condition and ready to be sold for a profit. In other cases, the property may require some repairs or renovations before it can be sold. 

However, with the right expertise and resources, these properties can be turned into profitable investments.

Another advantage of investing in defaulted mortgage notes is that you have the potential to earn a high rate of return. Because you are purchasing the note at a discounted price, you can earn a significant return on your investment if the borrower is able to catch up on their payments or if you are able to successfully foreclose on the property and sell it for a profit.

Of course, investing in defaulted mortgage notes does come with risks. The borrower may continue to default on their payments, or the property may have unforeseen problems that make it difficult to sell. However, with the right due diligence and risk management strategies, these risks can be minimized.

And this is where I can help you the most. I have over 25 years of experience in defaulted mortgage note due diligence and delinquent borrower negotiations. I've even written two books on the subject.

In summary, investing in defaulted mortgage notes can be a lucrative opportunity for investors who are willing to do their research and take calculated risks. With the right expertise and resources, you can potentially earn a high rate of return while helping to revive distressed properties and communities.