Buying Bad Debt From Banks -

: The FDIC holds auctions for non-performing notes from failed institutions, though buyers must be approved first. Due Diligence Checklist

: These entities buy large pools from banks and may "slice" them into smaller assets for individual investors. buying bad debt from banks

: Use platforms like Paperstac or PropertyRadar to find and purchase notes online. : The FDIC holds auctions for non-performing notes

: Focus on regional and community banks; they are more accessible than the top 10 national banks. 000 loan might sell for $20

: Buyers pay a low percentage of the Unpaid Principal Balance (UPB). For instance, a $100,000 loan might sell for $20,000. Where to Source Debt