Andy MirzaNPN Story: Worst House on the Block in North CarolinaWhen we first looked into this non performing note in Durham, North Carolina, we knew it would be a good one for our portfolio. It was a…Feb 21, 2020Feb 21, 2020
Andy MirzaA Creditor’s Chapter 13 Bankruptcy ChecklistOver the last few years, I’ve seen more and more Chapter 13 Bankruptcy filings by borrowers on the eve of foreclosure sales. As a lender…Feb 11, 2020Feb 11, 2020
Andy Mirza10 Years Delinquent, Story 1: Condo Homerun!One of my favorite things to do when talking to someone about what I do for a living is casually dropping the fact that a borrower hasn’t…Jan 14, 2020Jan 14, 2020
Andy MirzaNPN Story: Nice Little CondoCondominiums can be tricky things and require a knowledge of what makes them different from detached single-family homes. The condo…Dec 3, 2019Dec 3, 2019
Andy MirzaNPN Story: Good ‘Ol Enid, OKOne of the first things we do when evaluating loans is to get a good look at the property that serves as the underlying collateral. The…Nov 19, 2019Nov 19, 2019
Andy Mirza5 Reasons Why Judicial Foreclosures Take So LongA lot of note investors will only buy non-performing notes in non-judicial foreclosure states. I assume that most don’t want to deal with…Oct 29, 2019Oct 29, 2019
Andy MirzaNPN Story: Change the Date, Duh!We don’t normally like to buy lower balance loans with lower value properties but we purchased this in a pool with other loans and the…Oct 15, 2019Oct 15, 2019
Andy MirzaNPN Story: Multiple Bankruptcy TricksI’ve gotten used to the shenanigans that borrowers will resort to stay in their homes without paying a thing or at least the smallest…Oct 1, 2019Oct 1, 2019
Andy MirzaNPN Story: Deed It BackNot all of our notes end up in foreclosure. Sometimes (rarely), we get a borrower that’s actively trying to figure out a solution to their…Sep 24, 2019Sep 24, 2019
Andy MirzaPreparing for a Down Real Estate MarketWhile raising capital for our last investment fund, potential investors asked us a lot of questions in getting to know us better and to…Sep 17, 2019Sep 17, 2019