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Podcast: Property Profits Real Estate Podcast
Episode: Behind on Payments, Ahead on Equity – Chris Seveney’s Note Strategy Explained
Description: Dave sits down with note investor Chris Seveney to unpack how buying non-performing first mortgages at a discount can lead to win-win outcomes. Chris shares a clear, numbers-based case study: acquiring a $100K delinquent loan for $70K, collecting an upfront reinstatement plus six months of payments, modifying the loan, and reselling it as a re-performing note for ~$80K. They discuss realistic timelines (often 12–18 months), what “bread and butter” deals look like, and the messy, real-world parts (paperwork delays, missed payments, bankruptcy stalls).
Chris also explains his “3 Ps” buy box—Person, Property, Predicament—and why he favors owner-occupied homes with dem...