What Do You Look For In Loan Collateral Files

In this episode of the Note Closers Show, Scott Carson shares what you need to look for in the collateral file of a note deal. Scott shares what items are necessary for you and what other items are a bonus when you get them. He also discusses the need for you to look through the servicing notes, hardship letters, original financials, loan application, and other documents that might shed some light on the borrower's mindset and what direction your exit strategy might take. Scott also discusses some of the interesting things that he has found in collateral files and why it's more important than any other facet of due diligence for note deals.

Watch the original video HERE!

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