Non-Performing Notes

The Non-Performing note is essentially a note that is in default and the lending institution can no longer expect repayment against the original terms of the note. This is the point where the lending institution will either start the foreclosure process to take the property back and resell to pay towards the balance due or sell the Non-Performing to other investors and allow them to work directly with the borrower to try to establish a modification or go thru the foreclosure process.

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