Topics:
- What is the average discount on the face amount of the note at a note auction?
- Why special servicers chose a note auction versus a discounted pay off?
- What types of loans are likely candidates for a note auction and which aren’t?
- Can the existing borrower buy his own note at the auction?
- What is the process for buying a note at the note auction?
- If you are the current owner of the property
- If you are an interested third party investor