How do I handle non-performing assets after purchase?

There are several courses of action that are possible.

In general, the first step is to review your financial goals and discuss the borrower’s available options.

Based on the outcome of that discussion, I will help you make an action plan to reach those goals.

So, in some cases, you might reach out to the borrower and negotiate an adjustment of the terms of the note (this will help them stay in the property). In other cases, you can initiate a foreclosure and work with a realtor to sell the property.

Throughout the process, I’ll provide regular updates so that you know exactly where things stand.