Thursday, July 29, 2010

Invest in 2nd Lien Mortgages...

Purchasing 2nd lien mortgages are not as risky as it sounds. If you do your due diligence and buy at the right price it can lead to exceptional profits. The discount you pay for a second lien not can be anywhere between 75%-80%. If you the borrower is paying his first mortgage then that will give you a good indication on what is his intentions with the property. If there is equity in the property this will further secure your investment. Giving the the borrower a principal reduction may give him the push he needs in order to get that note to reperform or pay it outright if he can raise the required funds through family and friends. http://www.apollofinancialgrp.com is one of the companies you can pick up 2nd lien mortgages at a deep discount to face value.

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