These notes are secured by property in states where non-judicial (power-of-sale) foreclosure is available, so a defaulted loan can be enforced without a court case — generally the faster, cheaper path, which is why buyers of non-performing and junior paper often favor these states. States that allow both methods are included. Note Central is a marketplace for privately held notes — we are not a party to any transaction and hold no funds; closings are completed with independent professionals. Run your own due diligence and message the seller on the platform.
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